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Why Joby Aviation Stock Is Surging Today

TheMotleyFool

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Why Joby Aviation Stock Is Surging Today: https://g.foolcdn.com/editorial/images/877621/gettyimages-1248262649-copy.jpg

Joby Aviation (NYSE: JOBY) stock is rising in Monday's trading. The company's share price was up 6.5% as of 2 p.m. ET. At the same point in the daily session, the S 500 was up 0.7%, and the Nasdaq Composite was up 0.9%. The stock had been up as much as 11.1% earlier in the session.

Bullish momentum for the broader market is helping to lift Joby stock today. The company's valuation is also getting a continued boost from the announcement of an electric vertical take-off and landing (eVTOL) production partnership with .

Image source: Getty Images.

Source Fool.com