Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Joby Aviation Inc shares valued at $41,425 were sold by Field Matthew on Apr 04 ’24. At $5.00 per share, Field Matthew sold 8,285 shares. The insider’s holdings dropped to 275,106 shares worth approximately $1.33 million following the completion of this transaction.
Also, Papadopoulos Didier sold 2,724 shares, netting a total of over 13,620 in proceeds. Following the sale of shares at $5.00 each, the insider now holds 65,554 shares.
Before that, Bevirt JoeBen had sold 23,750 shares from its account. In a trade valued at $117,800, the CEO and Chief Architect traded Joby Aviation Inc shares for $4.96 each. Upon closing the transaction, the insider’s holdings decreased to 23,750 shares, worth approximately $3.15 million.
As published in a research note from JP Morgan on July 19, 2023, Joby Aviation Inc [JOBY] has been rated down from a Neutral to an Underweight and the price target has been revised to $6 from $5. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. As of March 07, 2023, Deutsche Bank has decreased its “Hold” rating to a “Sell” for JOBY. Earlier on July 27, 2022, Raymond James initiated its rating. Their recommendation was “a Mkt perform” for JOBY stock.
Analyzing JOBY Stock Performance
During the last five days, there has been a drop of approximately -1.43%. Over the course of the year, Joby Aviation Inc shares have dropped approximately -27.37%. Shares of the company reached a 52-week high of $6.62 on 01/02/24 and a 52-week low of $4.68 on 04/10/24. A 50-day SMA is recorded $5.44, while a 200-day SMA reached $6.55. Nevertheless, trading volume fell to 4.29 million shares from 2.34 million shares the previous day.
Support And Resistance Levels for Joby Aviation Inc (JOBY)
According to the 24-hour chart, there is a support level at 4.71, which, if violated, would cause prices to drop to 4.60. In the upper region, resistance lies at 4.93. The next price resistance is at 5.04. RSI (Relative Strength Index) is 37.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 80.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Joby Aviation Inc subject to short interest?
Stocks of Joby Aviation Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.44 million shares to 73.84 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 73.4 million shares. A jump of 0.6% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 12.79 of the overall float, the days-to-cover ratio (short ratio) jumped to 12.79.
