Core Viewpoint - Joby Aviation's stock has experienced a significant decline of 20.2% in less than a month, primarily due to an underwritten public offering of 30.5 million shares at a price of $16.85, which raised concerns about share dilution among investors [2][3]. Stock Performance - The stock price fell from $19.57 on October 6, 2025, to $15.61 following the announcement of the public offering [2]. - A target price of $12 is anticipated, reflecting a potential further decline, as the stock has previously traded at this level within the last five years [3]. Historical Returns - Historically, Joby Aviation's stock has returned a median of -16% over the past year, with a peak return of 43% following sharp dips of over 30% within 30 days [4]. - The median interval to peak return after a dip is 134 days, with a median maximum drawdown of -35% within one year of the dip occurrence [9]. Investment Alternatives - For investors seeking less volatility, the High Quality Portfolio has outperformed its benchmark, achieving returns exceeding 105% since inception, indicating a more stable investment option compared to individual stocks like Joby [6].