Why Is Joby Aviation Stock Surging on Monday?
Joby Aviation, Inc. (NYSE: JOBY) stock is trading higher on Tuesday amid easing crude oil prices and progress on its U.K. electric air taxi partnership.
Joby Aviation's stock price went up because oil got cheaper and the company is moving forward with its plan to run flying taxis in the U.K. When people feel better about the company's plans, its stock usually climbs.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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