Stock Market Today, Jan. 29: Joby Aviation Falls After Announcing $1.2 Billion Stock and Convertible Note Offerings

Joby Aviation (NYSE:JOBY), a developer of electric vertical takeoff and landing (eVTOL) aircraft for air taxi services, closed Thursday at $11.13, down 16.72%. The stock moved lower after Joby priced upsized concurrent stock and convertible note offerings around $1.2 billion. Investors are watching how the enlarged capital raise and dilution shape funding for certification and commercial launch plans. Trading volume reached 145.5 million shares, about 475% above its three-month average of 25.3 million share ...