What Happened
Cathie Wood Boosts Stake In Electric Aviation Company
Cathie Wood’s ARK Invest has purchased 263,693 shares of Joby Aviation, valued at $1.3 million, ahead of the company’s planned electric air-taxi flight across Tampa Bay, Florida. The demonstration will retrace the route of the world’s first commercial airline flight, showcasing Joby’s eVTOL technology. Joby Aviation stock has gained 6.7% this week, despite trading 1% lower overnight. This article was originally published on StockTwits.