Joby Aviation Inc’s recent filing unveils that its Director Sciarra Paul Cahill unloaded Company’s shares for reported $2.67 million on Jan 13 ’25. In the deal valued at $8.00 per share,333,332 shares were sold. As a result of this transaction, Sciarra Paul Cahill now holds 58,994,729 shares worth roughly $463.7 million.
Then, DeHoff Kate sold 6,205 shares, generating $50,260 in total proceeds. Upon selling the shares at $8.10, the insider now owns 215,947 shares.
Before that, Allison Eric sold 21,007 shares. Joby Aviation Inc shares valued at $170,157 were divested by the Chief Product Officer at a price of $8.10 per share. As a result of the transaction, Allison Eric now holds 570,267 shares, worth roughly $4.48 million.
JP Morgan downgraded its Joby Aviation Inc [JOBY] rating to an Underweight from a a Neutral in a research note published on January 10, 2025; the price target was increased to $6 from $5. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. H.C. Wainwright began covering JOBY with “Buy” recommendation on September 03, 2024. JP Morgan revised its rating on May 03, 2024. It rated JOBY as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of JOBY
On Tuesday, Joby Aviation Inc [NYSE:JOBY] saw its stock fall -1.26% to $7.86. Over the last five days, the stock has lost -20.04%. Joby Aviation Inc shares have fallen nearly -3.32% since the year began. Nevertheless, the stocks have risen 31.22% over the past one year. While a 52-week high of $10.72 was reached on 01/07/25, a 52-week low of $4.50 was recorded on 01/13/25. SMA at 50 days reached $7.47, while 200 days put it at $5.82.
Levels Of Support And Resistance For JOBY Stock
The 24-hour chart illustrates a support level at 7.60, which if violated will result in even more drops to 7.34. On the upside, there is a resistance level at 8.28. A further resistance level may holdings at 8.70. The Relative Strength Index (RSI) on the 14-day chart is 46.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.93%. Stochastics %K at 28.09% 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 2024-12-31, dropping by -9.72 million shares to a total of 66.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 75.9 million shares. There was a decline of -14.69%, which implies that there is a negative sentiment for the stock.
