Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Joby Aviation Inc shares valued at $68,750 were sold by DeHoff Kate on May 03 ’24. At $5.50 per share, DeHoff Kate sold 12,500 shares. The insider’s holdings dropped to 184,567 shares worth approximately $0.96 million following the completion of this transaction.
Also, Papadopoulos Didier sold 2,587 shares, netting a total of over 14,228 in proceeds. Following the sale of shares at $5.50 each, the insider now holds 73,697 shares.
Before that, Papadopoulos Didier had sold 6,091 shares from its account. In a trade valued at $28,262, the President of Aircraft OEM traded Joby Aviation Inc shares for $4.64 each. Upon closing the transaction, the insider’s holdings decreased to 6,091 shares, worth approximately $0.4 million.
As published in a research note from JP Morgan on May 03, 2024, Joby Aviation Inc [JOBY] has been rated up from an Underweight to a Neutral and the price target has been revised to $5. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid July. As of June 09, 2023, Canaccord Genuity has initiated its “Buy” rating for JOBY. Earlier on March 07, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Sell” for JOBY stock which previously was a “a Hold”.
Analyzing JOBY Stock Performance
During the last five days, there has been a drop of approximately -3.53%. Over the course of the year, Joby Aviation Inc shares have dropped approximately -21.95%. Shares of the company reached a 52-week high of $6.62 on 01/02/24 and a 52-week low of $4.50 on 04/22/24. A 50-day SMA is recorded $5.10, while a 200-day SMA reached $6.11. Nevertheless, trading volume fell to 4.78 million shares from 3.94 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 5.00, which, if violated, would cause prices to drop to 4.81. In the upper region, resistance lies at 5.30. The next price resistance is at 5.40. RSI (Relative Strength Index) is 52.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 36.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
