Why Joby Aviation Soared This Week

From Friday last week to Thursday's close, shares of Joby Aviation (NYSE: JOBY) have soared 11.4% -- all on basically no news.

No matter. The Santa Cruz-based start-up and recent special-purpose acquisition company (SPAC) IPO wants to take flying air taxis mainstream in the U.S. So far at least, investors seem happy to come along for the ride.

Image source: Getty Images.

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Source Fool.com