Why Joby Aviation Shares Soared Higher in March

Joby Aviation (NYSE: JOBY) recently provided more evidence that it's the horse to back in the race to bring so-called “flying cars” to the masses, and investors responded by buying in. Shares of Joby rose by 28.8% in March, according to data provided by S&P Global Market Intelligence, boosted by a steady stream of positive announcements. Joby is developing a small electric airplane capable of vertical takeoffs and landings — an eVTOL.