Why Joby Aviation Stock Plummeted This Week

Joby Aviation (NYSE: JOBY) stock plunged over the last week of trading as investors adopted more risk-averse positions in response to macroeconomic risk factors. The electric vertical take-off and landing (eVTOL) company's share price dipped 10.1% over the stretch compared to its pricing level at the previous week's market close.Joby Aviation suffered substantial sell-offs throughout most of last week's trading as concerns about inflationary trends and valuations for artificial intelligence (AI) companies drove big sell-offs for growth stocks. On the other hand, the company's share price saw some significant recovery in Friday's trading after investors got some good news on the interest rate front.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool