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Stock impact report

Here's Why Joby Aviation Stock Slumped in March [Globe and Mail, The (Toronto, Canada)]

Joby Aviation, Inc. (JOBY) 
Joby Aviation's (NYSE: JOBY) stock declined by 17.9% in March, according to data from S&P Global Market Intelligence It came as part of a broad-based sell-off in risk assets (for reference, its peer Archer Aviation , declined 27.4% over the same period), in line with the S&P 500's overall decline Higher-risk assets are often sold off inordinately in such times, as there's a flight to safety. That said, it was a mixed month operationally for the company. The bad news first Starting with the negative news, Joby and Archer, for that matter, are being impacted by the conflict in the Persian Gulf. In late February, just days before the U.S. and Israel attacked Iran, Joby and Uber announced Uber Air, which will allow customers to book Joby air taxis via the Uber app. Given that the first customers for the service were expected to be in Dubai, the announcement coudn't have come at a worse time. Will AI create the world's first trillionaire? Our team just released a report on the one l Show less Read more
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