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Benzinga
Benzinga
Business
Anusuya Lahiri

Joby Aviation Stock Soars 169% In 3 Months: What's Driving The Surge?

Joby Joby Aviation CNBC FAA
Joby Aviation-Photo by T. Schneider via Shutterstock

Joby Aviation (NYSE:JOBY), a pioneer in electric vertical takeoff and landing (eVTOL) aircraft, has seen its stock price surge, reflecting growing investor confidence in its commercialization prospects.

The stock has climbed 92% year-to-date and a remarkable 169% in the last three months, significantly outperforming the NYSE Composite Index, which gained 7% and 11% respectively over the same periods.

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