
A surge of investor confidence has propelled Joby Aviation (NYSE: JOBY) to new heights in the middle of July. The company’s stock price climbed to reach a new 52-week high of $12.63, capping a run that has seen the electric vertical take off and landing (eVTOL) company’s stock increase in value by over 100% in the past three months.
This impressive performance builds on the momentum from the company’s successful flight demonstrations in Dubai. Still, now an even more significant development is fueling the latest leg of Joby’s stock price rally.