Why Joby Stock Is Gaining Altitude Today

A new acquisition has investors lining up to fly with Joby stock. Both the S&P 500 (^GSPC 1.13%) and Dow Jones Industrial Average (^DJI 1.01%) are heading in positive directions for the first full trading week of August. Shares of Joby Aviation (JOBY 19.93%), however, are off to a high-flying start. With the electric vertical takeoff and landing (eVTOL) stock announcing a new acquisition, investors are enthusiastic about landing shares of Joby in their portfolios. As of 10:46 a.m. ET, shares of Joby have ri ...