Joby Aviation is trading 5.2% down at $9.20 as the stock extends last week’s sharp selloff tied to dilution and insider-sale concerns.
- Investors continue to react to the recent issuance of 52.9 million shares at $11.35, which has significantly increased the overall share supply.
- A Form 144 insider-sale filing has further heightened worries regarding selling pressure, despite no new fundamental business developments reported today.