Why Joby Aviation Stock Popped Today
Air taxi company Joby Aviation (NYSE: JOBY) announced Friday that it will participate in the White House eVTOL (electric vertical takeoff and landing) Integration Pilot Program (eIPP) announced back in June, aiming to "demonstrate eVTOL use cases, such as passenger transportation, cargo delivery, and emergency response, ahead of achieving type certification."
Joby stock soared 5.7% through 10:10 a.m. ET Friday in response to the news.
Image source: Getty Images.
Source Fool.com
