Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Joby Aviation Inc shares valued at $62,635 were sold by Bowles Gregory on Nov 25 ’24. At $8.08 per share, Bowles Gregory sold 7,748 shares. The insider’s holdings dropped to 29,235 shares worth approximately $0.24 million following the completion of this transaction.
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Also, Papadopoulos Didier sold 1,835 shares, netting a total of over 14,680 in proceeds. Following the sale of shares at $8.00 each, the insider now holds 49,140 shares.
Before that, DIDIER PAPADOPOULOS had added 1,835 shares to its account. In a trade valued at $13,010, the Officer bought Joby Aviation Inc shares for $7.09 each.
As published in their initiating research note from Needham on November 19, 2024, Joby Aviation Inc [JOBY] has been a Buy and the price target has been revised to $8. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of May 03, 2024, JP Morgan has increased its “an Underweight” rating to a “Neutral” for JOBY. Earlier on July 19, 2023, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for JOBY stock which previously was a “a Neutral”.
Analyzing JOBY Stock Performance
During the last five days, there has been a surge of approximately 2.66%. Over the course of the year, Joby Aviation Inc shares have jumped approximately 21.95%. Shares of the company reached a 52-week high of $9.33 on 11/29/24 and a 52-week low of $4.50 on 04/22/24. A 50-day SMA is recorded $5.96, while a 200-day SMA reached $5.42. Nevertheless, trading volume fell to 14.72 million shares from 41.92 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 7.71, which, if violated, would cause prices to drop to 7.32. In the upper region, resistance lies at 8.49. The next price resistance is at 8.88. RSI (Relative Strength Index) is 64.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 31.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
