Joby Aviation Stock Is More Than 60% Off Its High. Is a Reverse Stock Split Imminent?
The company's shares are now trading in the single digits.
Overview
Shares of electric vertical takeoff and landing (eVTOL) company Joby Aviation (NYSE: JOBY) have slipped from a high of $20/share last year to just $7.58 a share today.
That's a drop of 62%: one of the steepest in the eVTOL industry. It's even worse than rival Archer Aviation's (NYSE: ACHR) 58% slide from its all-time high.
Details
Could Joby be in danger of having to issue a reverse stock split, and soon? Here's what we know.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.