NVIDIA Corp. Stock Falls Friday, Underperforms Market

Joby Aviation Inc

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Industrials : Passenger Airlines | Small Cap Growth

Company profile

Joby Aviation, Inc. is a transportation company. The Company is developing an all-electric vertical take-off and landing (eVTOL) aircraft to be used by the Company to deliver passenger and freight air transportation as a service. The Company is engaged in designing and testing a piloted all-electric aircraft, which can take off and land vertically, while cruising like a traditional airplane. The aircraft is quiet when taking off, near silent when flying overhead and is designed to transport a pilot and four passengers at speeds of up to approximately 200 miles per hour with a maximum range of approximately 150 miles on a single charge. The Company focuses on operating its aircraft on journeys ranging from 5 to 150 miles between cities and their surrounding areas. It intends to deploy eVTOL aircraft in local aerial ridesharing networks in cities around the world. It also plans to develop an application-based platform that permits consumers to directly book rides through its service.

NVIDIA Corp. Stock Falls Friday, Underperforms Market

4:34 pm ET September 15, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of NVIDIA Corp. (NVDA) shed 3.69% to $439.00 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.22% to 4,450.32 and Dow Jones Industrial Average falling 0.83% to 34,618.24.

The stock's fall snapped a two-day winning streak.

NVIDIA Corp. closed $63.66 below its 52-week high ($502.66), which the company reached on August 24th.

Trading volume (49.9 M) remained 1.4 million below its 50-day average volume of 51.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled September 15, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

September 15, 2023 16:34 ET (20:34 GMT)

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NVIDIA Corp. Stock Falls Friday, Underperforms Market