Joby Aviation Stock Stalls After Public Offering

Joby Aviation Inc (NYSE:JOBY) stock is 13.3% lower to trade at $5.24 after the electric air taxi company priced an underwritten public offering of 40 million shares at$5.05 per share. JOBY is pacing for its worst single-session percentage drop since July 2023, and is now down 22% in 2024, though there's support from the $5.10 level in place. Drilling down today's options activity, calls and puts are popular following the offering. So far, 8,810 calls and 6,097 puts have traded hands, which is three times t ...