Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Joby Aviation Inc shares valued at $153,439 were sold by DeHoff Kate on Oct 16 ’24. At $5.50 per share, DeHoff Kate sold 27,898 shares. The insider’s holdings dropped to 199,413 shares worth approximately $1.2 million following the completion of this transaction.
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Also, KATE DEHOFF purchased 27,898 shares, netting a total of over 151,207 in proceeds.
Before that, Allison Eric had sold 27,817 shares from its account. In a trade valued at $154,663, the Chief Product Officer traded Joby Aviation Inc shares for $5.56 each. Upon closing the transaction, the insider’s holdings decreased to 27,817 shares, worth approximately $2.8 million.
As published in their initiating research note from H.C. Wainwright on September 03, 2024, Joby Aviation Inc [JOBY] has been a Buy and the price target has been revised to $9. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of July 19, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for JOBY. Earlier on June 09, 2023, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for JOBY stock.
Analyzing JOBY Stock Performance
During the last five days, there has been a surge of approximately 9.62%. Over the course of the year, Joby Aviation Inc shares have dropped approximately -9.17%. Shares of the company reached a 52-week high of $7.69 on 07/16/24 and a 52-week low of $4.50 on 04/22/24. A 50-day SMA is recorded $5.33, while a 200-day SMA reached $5.37. Nevertheless, trading volume fell to 15.35 million shares from 25.29 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 5.82, which, if violated, would cause prices to drop to 5.61. In the upper region, resistance lies at 6.36. The next price resistance is at 6.69. RSI (Relative Strength Index) is 58.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 44.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
