In a filing, Joby Aviation Inc revealed its Officer Matthew Field acquired Company’s shares for reported $67996.0 on Oct 04 ’24. In the deal valued at $5.78 per share,11,764 shares were bought.
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Then, Bowles Gregory sold 8,542 shares, generating $48,006 in total proceeds. Upon selling the shares at $5.62, the insider now owns 18,035 shares.
Before that, Bowles Gregory sold 2,911 shares. Joby Aviation Inc shares valued at $16,855 were divested by the insider at a price of $5.79 per share. As a result of the transaction, Bowles Gregory now holds 26,577 shares, worth roughly $0.16 million.
H.C. Wainwright initiated its Joby Aviation Inc [JOBY] rating to a Buy in a research note published on September 03, 2024; the price target was $9. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early May from “an Underweight” to “a Neutral”. JP Morgan also remained covering JOBY and has decreased its forecast on July 19, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Canaccord Genuity started covering the stock on June 09, 2023. It rated JOBY as “a Buy”.
Price Performance Review of JOBY
On Friday, Joby Aviation Inc [NYSE:JOBY] saw its stock jump 6.06% to $5.95. Over the last five days, the stock has gained 13.98%. Joby Aviation Inc shares have fallen nearly -10.53% since the year began. Nevertheless, the stocks have fallen -4.80% over the past one year. While a 52-week high of $7.69 was reached on 07/16/24, a 52-week low of $4.50 was recorded on 04/22/24. SMA at 50 days reached $5.23, while 200 days put it at $5.43.
Levels Of Support And Resistance For JOBY Stock
The 24-hour chart illustrates a support level at 5.72, which if violated will result in even more drops to 5.50. On the upside, there is a resistance level at 6.15. A further resistance level may holdings at 6.36. The Relative Strength Index (RSI) on the 14-day chart is 60.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.03%. Stochastics %K at 72.73% indicates the stock is a holding.
How much short interest is there in Joby Aviation Inc?
A steep rise in short interest was recorded in Joby Aviation Inc stocks on 2024-09-13, dropping by -8.16 million shares to a total of 70.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 79.1 million shares. There was a decline of -11.51%, which implies that there is a negative sentiment for the stock.
