On July 30, Joby Aviation, Inc. rose 5.19% in regular trading, trading at $7.115/share, with turnover of $30.49 million. The stock rebounded after declining over 10% cumulatively in the prior two sessions.
The aviation sector broadly recovered, with JetBlue Airways up 3.06%, United Airlines up 2.30%, American Airlines up 2.16%, Delta Air Lines up 1.65%, and Southwest Airlines up 1.15%, providing a supportive backdrop for the rebound.
On the news front, recent commercial partnership developments continue to underpin sentiment. Earlier this month, Joby signed a multi-year commercial agreement with Virgin Atlantic to bring electric air taxi services to the United Kingdom, complementing its existing relationship with Delta Air Lines, which holds a 49% stake in Virgin Atlantic. Additionally, Joby and Toyota Motor formally established a joint venture, JTAMPC, for mass production of S4 series eVTOL aircraft, with Toyota holding 51% and Joby 49%.
The company is scheduled to report quarterly earnings on August 5, with consensus revenue expectations of $30.38 million and adjusted EPS of -$0.23.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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