Market News / Story
JOBY Stock Drops To Near Two-Year Lows After Barclays Downgrade On Manufacturing Capacity Doubts
Stocktwits ·
Stocktwits reports: Shares of electric vertical takeoff and landing (eVTOL) developers traded in contrasting directions on Friday after Barclays published conflicting analyst notes on the sector’s primary competitors. Joby Aviation Inc. (JOBY) fell sharply after Barclays downgraded its rating, while rival Archer Aviation Inc. (ACHR) climbed about 5% on a bullish note from Barclays. Barclays Reevaluates Industry Prospects A series of rating changes Barclays issued before the opening bell…