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-0.000952834683182447 0.00190566936636489 0.0119104335397808 0.0138161029061457 0.0181038589804668 0.0228680323963792 0.0133396855645544 0.0228680323963792
Stock impact report

Joby Aviation's Dubai Deal Tests Air Taxi Execution And Investor Patience [Yahoo! Finance]

Joby Aviation, Inc. (JOBY) 
Company Research Source: Yahoo! Finance
Joby Aviation secured a six year exclusive partnership to launch air taxi services in Dubai. The agreement includes plans for the first vertiport at Dubai International Airport and service launch in the United Arab Emirates this year. The deal marks Joby's first major commercial move outside the U.S. and a step toward operational eVTOL services. For investors watching NYSE:JOBY, this Dubai agreement comes after a volatile stretch in the share price. The stock closed at $10.56, with a 20.5% decline over the past week and a 26.5% decline over the past month, yet it remains up 31.0% over the past year and significantly higher over three years. That combination of a sharp recent pullback and longer term gains illustrates how the market has been reacting to Joby's transition from concept to commercial plans. This move into the United Arab Emirates provides a concrete example of how Joby is working to shift from development to real world operations. As the partnership progresses fr Show less Read more
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