10 Firms Post Strong Gains Amid Wall Street Bloodbath

8. Joby Aviation Inc. (NYSE:JOBY)

Joby Aviation saw its share prices grow by 4.48 percent or $0.44 points to finish at $10.27 apiece on Monday as investors continued to place bets following news last week that the US Commerce Department is mulling over banning Chinese drones. The news favored US companies like Joby.

In addition, analysts said the company was benefitting from a strong interest in the future of urban air mobility.

Over the past year, the company has already seen more than 63 percent increase in share prices, signaling a strong market belief in the company’s growth potential and its strategic position within the burgeoning industry of electric vertical takeoff and landing (eVTOL) aircraft.

According to Joby Aviation, it plans to conduct its first initial flight in Dubai in the first half of 2025, with full commercial operations targeted in the second half of next year.