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Top Movers | JOBY & RIVN Rose After Exciting News! SPCE Plunged: "Sell the News"?

@WallStreet_Tiger
1. $Joby Aviation, Inc.(JOBY)$ +11.38%: to commence flight tests on its first production prototype air taxi Joby Aviation has achieved a significant milestone as it receives clearance from the FAA to commence flight tests on its first production prototype air taxi. With plans to begin shipping the eVTOL aircraft to customers in 2024 and launch an air taxi service by 2025, Joby aims to revolutionize urban transportation. The aircraft's unique design allows it to take off and land vertically like a helicopter and then transition to horizontal flight like an airplane, reaching speeds of up to 200 MPH. Boasting a range of up to 100 miles on a single charge, it offers a sustainable and efficient solution for air taxi operations. With its FAA certification and strategic partnership with Toyota, Joby is poised to lead the way in the emerging air mobility industry. 2. $Nano Dimension(NNDM)$ +14.52%: posted best quarter in the company’s history Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. Gross Margins increased to 44% (Adjusted: 47%) 50% Organic Revenue Growth since Q3/2022 Company Plans to Continue its Share Buy-Back Program The company announced an all-time-high revenue figure for the first quarter, exceeding expectations. The revenue of nearly $15 million represented a significant 24% increase compared to the same period last year, indicating strong growth and market demand for Nano Dimension's products and services. Another favorable development was the company's return to profitability. Nano Dimension reported a profit of $22 million, or $0.09 per share, according to GAAP standards. Furthermore, Nano Dimension highlighted the successful adoption of its Deep Learning/AI technology. This innovative technology showcased Nano Dimension's commitment to driving technological advancements and solidified its position as a leader in its industry. 3. $Virgin Galactic(SPCE)$ - 10.76%: sell the news of “successful spaceflight“? Despite the successful launch of the first commercial spaceflight by Virgin Galactic, SPCE stock experienced a significant decline of 10.8% following the flight, despite having surged 9.2% the day before the launch. The spaceflight, named Galactic 01, took off from Spaceport America in New Mexico, marking a momentous achievement for the space tourism company founded by Richard Branson in 2004. The VSS Unity spacecraft, carried by the VMS Eve mothership, was released at 11:29 a.m. EDT and safely landed on the runway at 11:43 a.m. EDT. This successful mission is a significant step toward Virgin Galactic's goal of conducting regular commercial spaceflights. The company has plans to launch its Galactic 02 mission in early August, which will include private astronauts on board. Despite these positive developments, the decline in SPCE stock suggests that investors may have reacted negatively for various reasons, such as profit-taking following the recent price surge or concerns about the company's financial performance and market outlook. 4. $Rivian Automotive, Inc.(RIVN)$ RIVN +9.36% after joined NACS Rivian Automotive, a leading electric vehicle (EV) maker, has seen a positive impact on its stock following its adoption of the North American Charging Standard (NACS). The EV industry in the U.S. is increasingly rallying around this single charging standard, leading to favorable market conditions for related stocks. On Thursday, Rivian's shares closed more than 9% higher, outperforming the broader market represented by the 0.5% gain of the S&P 500. The NACS, originally developed by Tesla, is gaining significant momentum in the industry. Recently, Polestar also signed a deal with $Tesla Motors(TSLA)$ to adopt the NACS, allowing its vehicle owners, along with those of Rivian and other next-generation automakers, to utilize Tesla Supercharger stations across the U.S. and Canada. This news likely instilled a sense of familiarity and positivity among Rivian investors, as Rivian had previously announced its decision to embrace the NACS earlier this month. This move aligns Rivian with major automakers like Ford and General Motors, further solidifying the adoption of the charging standard within the industry.
Top Movers | JOBY & RIVN Rose After Exciting News! SPCE Plunged: "Sell the News"?

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