Why Joby Aviation Stock Is Falling After Hours

Adam Eckert

December 10, 2024

Joby Aviation Inc (NYSE:JOBY) shares are falling in extended trading Tuesday after the company announced it entered into an equity distribution agreement.

What Happened: In a new regulatory filing released after the market close on Tuesday, Joby announced an offering agreement under which the company may sell up to $300 million worth of common stock.

Under terms of the agreement, managers Morgan Stanley and Allen & Company will sell Joby common stock from time to time based on instructions from the company. Joby will pay the managers a 3% commission on gross sale proceeds.

Check This Out: Archer or Joby: Which Aviation Company Might Rise Fastest?

Joby reported financial results for the third quarter at the beginning of November. The company said it ended the period with $710 million in cash and short-term investments.

Joby is not due to report quarterly financial results again until February. Analysts currently expect the company to report a loss of 19 cents per share and revenue of $57,250.

JOBY Price Action: Joby shares were down 8.78% in after-hours, trading at $7.79 at the time of publication Thursday, per Benzinga Pro.

Photo: Courtesy of Joby Aviation.

Recommended

They've Done It 20+ Times-Now They've Found a New Memecoin to Watch - Ad

The Next Biggest Bull Run In Over 50 Years - Ad

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

President Donald Trump has revealed that his administration is actively exploring the possibility of implementing a retirement savings system similar to Australia's in the United States.

What's Going On With Snowflake Shares Wednesday?

Snowflake Inc. (NYSE:SNOW) is in the spotlight Wednesday ahead of third-quarter earnings after the market closes.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

The New Payments ETF Is Live on NASDAQ:

The New Payments ETF Is Live on NASDAQ: - Ad

Money is moving to real-time rails, and a newly listed ETF now gives investors direct exposure. Fast settlement. Institutional custody. Simple access.

Scaramucci Says This One US Mistake Helped China Become a Manufacturing Superpower

Anthony Scaramucci recently highlighted what he considers a significant error by the US that enabled China to ascend as a manufacturing superpower.

Joan Branson, wife of British billionaire Richard Branson, dies at 80

Joan Branson, the wife of British billionaire Richard Branson, has died at age 80.

Real-Time Finance Hits Wall Street

Real-Time Finance Hits Wall Street - Ad

A new ETF built for the payments revolution is now trading. Seconds-level settlement and a 0.50% fee* make it one of the cleanest structures yet.

Trump-Pardoned Ponzi Schemer Faces 37-Year Sentence For $44 Million COVID Scam

A previously convicted Ponzi schemer who had received a pardon from President Trump is heading back to prison due to involvement in a new fraudulent scheme.

Netflix Stock Slides As Alarm Bells Ring Related To Potential HBO Max Bundle

Netflix Inc (NASDAQ:NFLX) shares slipped on Wednesday amid cost concerns related to a potential HBO Max bundle.

Nvidia's Most Valuable List for 2026

Nvidia's Most Valuable List for 2026 - Ad

Many companies partnering with Nvidia have seen their own stocks go up... That includes ASML, up 4,501%... Synopsys, up 3,745%. And Taiwan Semiconductor, which has soared as much as 9,793%. You won't find these companies anywhere in Nvidia's official Partner Network. That's why I call them Nvidia's "Unauthorized" Silent Partners. In 2026, a new set of them is poised to benefit.

John Bolton Questions Trump's Latest 'Incoherent Strategy' To Achieve Ukraine-Russia Agreement, Calls It 'Typically Trumpian'

Bolton criticizes Trump's 28-point peace proposal for Russia-Ukraine conflict as incoherent and lacking strategy, claiming it benefits Moscow.

San Francisco sues nation's top food manufacturers over ultraprocessed foods

The city of San Francisco filed a lawsuit against some of the nation's top food manufacturers on Tuesday, arguing that ultraprocessed food from the likes of Coca-Cola and Nestle are responsible for a public health crisis.

3 Companies Nvidia Needs for their $24 Trillion Conquest

3 Companies Nvidia Needs for their $24 Trillion Conquest - Ad

Nvidia's charging into two seismic tech frontiers projected to be worth over $24 TRILLION! And they're in a race to dominate first. But here's the dirty secret Nvidia won't admit... They can't do it alone. Nvidia needs 3 Silent Partners... This $24 trillion pivot hinges on them.

Airbus Orders Emergency Recall Of 6,000 A320 Jets After JetBlue Incident, Triggering Global Flight Delays And Holiday Travel Chaos

Airbus SE (OTC: EADSF) ordered immediate repairs to A320-family aircraft on Friday, recalling 6,000 jets after a recent JetBlue incident.

Trump says he's rebuilding Dulles airport while his administration is fixing the 'people movers'

WASHINGTON (AP) — President Donald Trump said Tuesday that his administration will embark on a reconstruction of Dulles International Airport in northern Virginia.

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

US Debt Of $38 Trillion Now A 'National Security Crisis,' Warns Top Economist, Another Blames Political Polarization: 'Neither Party Is…'

Richard Haass, the president of the Council on Foreign Relations, and other economists have sounded the alarm about the U.S. national debt, stating that it poses a significant threat to the country's security and global standing.

Donald Trump Administration's Unprecedented Investment In Private Firms Raises Eyebrows

President Trump administration has invested over $10 billion of taxpayer funds in private companies deemed crucial to national security.

The Repeatable Strategy Behind 20+ Early Memecoin Wins (Revealed)

The Repeatable Strategy Behind 20+ Early Memecoin Wins (Revealed) - Ad

Few analysts have been able to consistently spot strong memecoin setups, but our team has developed a repeatable framework that has helped them identify high-momentum plays early. Now they've uncovered a new project showing similar characteristics, and they want you to see the full breakdown yourself.

Samsung Vs Apple: The Foldable Phone War Just Went Nuclear

Samsung just launched a game-changing foldable phone, putting pressure on Apple's rumored foldable iPhone. Will foldables become mainstream?

Silver Breaks Out In A Short Squeeze, Rising Yields In Japan Hits Stocks and Bitcoin

Rising Yields In Japan

They've Done It 20+ Times-Now They've Found a New Memecoin to Watch

They've Done It 20+ Times-Now They've Found a New Memecoin to Watch - Ad

Our analysts have built one of the most reliable track records in the memecoin space by recognizing early momentum signals many traders overlook. Their newest pick shows several of the same early indicators found in past standout performers. Get the details before this story spreads.

Evommune's Skin Disorder Candidate Has 'Blockbuster Commercial Opportunity': Analyst Projects $5 Billion Peak Sales

Evommune gains an Outperform rating as William Blair cites strong EVO756 trial data and blockbuster sales potential.

Hillary Clinton Warned 'Exotic' Crypto Could Destabilize Nations: These Countries Took The Worst Reserve Hits In The Bitcoin Meltdown

Former Secretary of State Hillary Clinton didn’t hold a favorable view of cryptocurrencies when she once warned that they could weaken nations.

The Next Biggest Bull Run In Over 50 Years

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Elon Musk Doubles Down On Solar-Powered AI Satellites, Predicts 'Convergence' Between Tesla, SpaceX, xAI — 'Tesla Is The World Leader In…'

Elon Musk shares plans for solar-powered AI satellites in orbit, touts Tesla as world leader and targets Optimus scale production next year.

Stock Of The Day: Is American Airlines Breaking Out?

Trading in American Airlines is quiet on Tuesday. But the shares may be breaking out. A classic ‘ascending triangle' pattern has formed.

The $43B Big Pharma Story is Starting Over-With a New Player

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Trump's Doctor Shares MRI Scan Results, White House Confirms Heart And Abdominal Scans 'Perfectly Normal' Amid Transparency Debate

The White House released a memo on Trump's previously undisclosed MRI exam which showed normal results. Trump, 79, underwent the scan as part of an advanced physical. His physician confirmed no evidence of health concerns. Public curiosity and vague comments from Trump led to the release.

Will Santa Claus Rally Fail? Wall Street Divided Amid Mounting Volatility, Bearish Options Activity

Analysts offered mixed signals on the S&P 500's near-term outlook making a Santa rally uncertain, pointing to potential volatility, amid atypical seasonality and rising bearish options sentiment.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

A New Take On Bitcoin, Ethereum And IPO Investing? VistaShares' ETF Quartet Suggests So

VistaShares files four new ETFs combining Bitcoin, Ethereum and IPO themes with yield-focused strategies.

Trump Admin Boasts Affordability Wins As Egg Prices Plunge 86%, Housing Costs Fall Nearly 14%, Despite Rising Grocery Inflation

The Donald Trump administration focuses on affordability for Americans, claiming success in lowering food and housing costs.

The New Payments ETF Is Live on NASDAQ:

The New Payments ETF Is Live on NASDAQ: - Ad

Money is moving to real-time rails, and a newly listed ETF now gives investors direct exposure. Fast settlement. Institutional custody. Simple access.

Meta Allegedly Concealed Evidence Of Social Media Harm, According To Court Filings: Report

Meta Platforms Inc. allegedly hid evidence of social media harm by shutting down a study on Facebook and Instagram's impact on mental health.

Weekend Round-Up: TSMC Trade Secrets Lawsuit, Google Deepmind Scientist's Market Slam, Baidu Layoffs, Amazon's Court Victory And More

From allegations of trade secret leaks at Taiwan's TSMC to layoffs at Baidu Inc, here's a recap of tech news this week.

Real-Time Finance Hits Wall Street

Real-Time Finance Hits Wall Street - Ad

A new ETF built for the payments revolution is now trading. Seconds-level settlement and a 0.50% fee* make it one of the cleanest structures yet.

Congress Ended The Shutdown — But At The Cost Of Re-Criminalizing These THC Products In A Last-Minute Deal That Could Reshape The Cannabis Industry

Congress appears set to end the record-long government shutdown, but a controversial provision tucked into the spending bill is sparking alarm across the hemp and cannabis industry.