Joby Aviation is trading at $5.45 (-5.30%) as investors weigh a federal jury’s roughly $116.9 million award to supplier Aerosonic over trade-secret and confidentiality claims.
- The verdict was delivered October 2 and remains subject to post-trial motions and appeals.
- Joby says it is seeking to overturn the verdict; the case is a company-specific overhang.
- Broader indices were modestly higher in the supplied market context, so the case does not point to a broad-market explanation.