In a filing, Joby Aviation Inc revealed its insider DeHoff Kate unloaded Company’s shares for reported $0.15 million on Oct 16 ’24. In the deal valued at $5.50 per share,27,898 shares were sold. As a result of this transaction, DeHoff Kate now holds 199,413 shares worth roughly $1.05 million.
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Then, KATE DEHOFF bought 27,898 shares, generating $151,207 in total proceeds.
Before that, Allison Eric sold 27,817 shares. Joby Aviation Inc shares valued at $154,663 were divested by the Chief Product Officer at a price of $5.56 per share. As a result of the transaction, Allison Eric now holds 463,151 shares, worth roughly $2.44 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 Monday, Joby Aviation Inc [NYSE:JOBY] saw its stock jump 2.13% to $5.27. Over the last five days, the stock has lost -4.01%. Joby Aviation Inc shares have fallen nearly -20.75% since the year began. Nevertheless, the stocks have fallen -2.41% 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 $5.33, while 200 days put it at $5.36.
Levels Of Support And Resistance For JOBY Stock
The 24-hour chart illustrates a support level at 5.19, which if violated will result in even more drops to 5.11. On the upside, there is a resistance level at 5.36. A further resistance level may holdings at 5.45. The Relative Strength Index (RSI) on the 14-day chart is 45.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.84%. Stochastics %K at 24.91% 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 2024-10-15, growing by 4.14 million shares to a total of 75.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 70.94 million shares. There was a rise of 5.51%, which implies that there is a positive sentiment for the stock.
