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The Potential Rise in the Price of Joby Aviation Inc (JOBY) following insiders activity

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Joby Aviation Inc’s recently made public that its President of Aircraft OEM Papadopoulos Didier unloaded Company’s shares for reported $16074.0 on Jun 18 ’24. In the deal valued at $4.92 per share,3,267 shares were sold. As a result of this transaction, Papadopoulos Didier now holds 77,854 shares worth roughly $0.39 million.

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Then, Papadopoulos Didier sold 4,217 shares, generating $20,790 in total proceeds. Upon selling the shares at $4.93, the President of Aircraft OEM now owns 81,121 shares.

Before that, Bowles Gregory sold 3,410 shares. Joby Aviation Inc shares valued at $16,538 were divested by the insider at a price of $4.85 per share. As a result of the transaction, Bowles Gregory now holds 60,940 shares, worth roughly $0.3 million.

JP Morgan upgraded its Joby Aviation Inc [JOBY] rating to a Neutral from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid July from “a Neutral” to “an Underweight”. Canaccord Genuity began covering JOBY with “Buy” recommendation on June 09, 2023. Deutsche Bank revised its rating on March 07, 2023. It rated JOBY as “a Sell” which previously was an “a Hold”.

Price Performance Review of JOBY

On Tuesday, Joby Aviation Inc [NYSE:JOBY] saw its stock jump 1.85% to $4.96. Over the last five days, the stock has gained 2.48%. Joby Aviation Inc shares have fallen nearly -25.41% since the year began. Nevertheless, the stocks have fallen -51.66% over the past one year. While a 52-week high of $11.30 was reached on 01/02/24, a 52-week low of $4.50 was recorded on 04/22/24. SMA at 50 days reached $5.03, while 200 days put it at $5.64. A total of 11.01 million shares were traded, compared to the trading of 8.35 million shares in the previous session.

Levels Of Support And Resistance For JOBY Stock

The 24-hour chart illustrates a support level at 4.78, which if violated will result in even more drops to 4.60. On the upside, there is a resistance level at 5.23. A further resistance level may holdings at 5.49. The Relative Strength Index (RSI) on the 14-day chart is 48.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.21%. Stochastics%K at 31.31% indicates the stock is a holding.

The most recent change occurred on July 27, 2022 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating.

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