Joby Aviation Inc’s recently made public that its Director Sciarra Paul Cahill unloaded Company’s shares for reported $2.88 million on Dec 09 ’24. In the deal valued at $8.63 per share,333,332 shares were sold. As a result of this transaction, Sciarra Paul Cahill now holds 59,328,061 shares worth roughly $506.66 million.
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Then, SCIARRA MANAGEMENT TRUST U/A D bought 333,332 shares, generating $2,946,655 in total proceeds.
Before that, Bowles Gregory sold 7,748 shares. Joby Aviation Inc shares valued at $62,635 were divested by the insider at a price of $8.08 per share. As a result of the transaction, Bowles Gregory now holds 29,235 shares, worth roughly $0.25 million.
Needham initiated its Joby Aviation Inc [JOBY] rating to a Buy in a research note published on November 19, 2024; the price target was $8. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. JP Morgan also remained covering JOBY and has increased its forecast on May 03, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on July 19, 2023. It rated JOBY as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of JOBY
On Tuesday, Joby Aviation Inc [NYSE:JOBY] saw its stock jump 0.12% to $8.54. Over the last five days, the stock has gained 8.79%. Joby Aviation Inc shares have risen nearly 28.42% since the year began. Nevertheless, the stocks have risen 29.98% over the past one year. While a 52-week high of $9.33 was reached on 11/29/24, a 52-week low of $4.50 was recorded on 04/22/24. SMA at 50 days reached $6.23, while 200 days put it at $5.48.
Levels Of Support And Resistance For JOBY Stock
The 24-hour chart illustrates a support level at 8.32, which if violated will result in even more drops to 8.11. On the upside, there is a resistance level at 8.81. A further resistance level may holdings at 9.08. The Relative Strength Index (RSI) on the 14-day chart is 64.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.76%. Stochastics %K at 80.79% indicates the stock is a selling.
How much short interest is there in Joby Aviation Inc?
A steep rise in short interest was recorded in Joby Aviation Inc stocks on 2024-11-29, dropping by -2.16 million shares to a total of 75.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 78.06 million shares. There was a decline of -2.84%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 09, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $8 price target.
