Good news, soft tape
Positive autonomous flight milestones and a contract ceiling increase failed to lift the stock, which is drifting moderately lower with low volatility alongside a soft broader market, suggesting calm profit-taking rather than any new negative catalyst.
Sources: https://www.gurufocus.com/news/joby-aviation-joby-secures-45m-contract-ceiling-increase-for-auton
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works