But can you cast levitate on a stone that is being thrown at you with a readied action? If you do, what happens?
If it's mass is nullified temporarily (Magic!) then it stops moving forward. It also has no weight.
If it still has mass but is not being acted upon by gravity it has no weight. But the planet is still rotating, revolving around the sun and moving through space. Does it move in a semi-random direction relative to the planet and everyone else on it while still maintaining forward momentum?
Something else? Does it merely rise up 10 ft and continue on it's previous arc but in a straight line?
Inquiring minds want to know!
A thrown rock is already in freefall, and is therefore weightless. I would rule that the caster gains control over the vertical component of the rock's trajectory, within the velocity limits of the spell, but gains no control over the horizontal component of the trajectory (although the horizontal component can be indirectly affected by changing the vertical component so as to cause a collision).