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Stock impact report

Why Specialty Vehicle Stocks Were Slumping This Week [Yahoo! Finance]

Joby Aviation, Inc. (JOBY) 
Company Research Source: Yahoo! Finance
After all, consumers don't only want cars, trucks, and motorcycles for everyday use, they also like zipping around on off-road machines and going airborne with purpose-built, next-generation aircraft. Yet the specialty business is at times even more cyclical than mainstream auto, and on discouraging recent news the cycle seemed to be approaching a low. Leading the deceleration trend was Polaris (NYSE: PII) , which reported fresh quarterly results and was down 14% in share price week to date as of early Friday, according to data compiled by S&P Global Market Intelligence . The same source indicated that BRP (NASDAQ: DOOO) was sinking by 11%, and Joby Aviation (NYSE: JOBY) shares had shed almost 8% of their value. The most direct news item impacting specialty vehicles as a group was that Polaris earnings report . Quite frankly there wasn't an awful lot to like in those third-quarter numbers, particularly the 23% year-over-year sales decline reported by the manufacturer of off-road v Show less Read more
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