The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Joby Aviation Inc shares valued at $2,673,339 were sold by Sciarra Paul Cahill on Feb 03 ’25. At $8.02 per share, Sciarra Paul Cahill sold 333,334 shares. The insider’s holdings dropped to 58,661,395 shares worth approximately $472.22 million following the completion of this transaction.
Also, SCIARRA MANAGEMENT TRUST U/A D purchased 333,334 shares, netting a total of over 2,753,339 in proceeds.
Before that, Simi Bonny W had sold 31,489 shares from its account. In a trade valued at $262,303, the President of Operations traded Joby Aviation Inc shares for $8.33 each. Upon closing the transaction, the insider’s holdings decreased to 31,489 shares, worth approximately $1.1 million.
As published in a research note from JP Morgan on January 10, 2025, Joby Aviation Inc [JOBY] has been rated down from a Neutral to an Underweight and the price target has been revised to $6 from $5. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of September 03, 2024, H.C. Wainwright has initiated its “Buy” rating for JOBY. Earlier on May 03, 2024, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for JOBY stock which previously was a “an Underweight”.
Analyzing JOBY Stock Performance
During the last five days, there has been a drop of approximately -3.36%. Over the course of the year, Joby Aviation Inc shares have dropped approximately -0.98%. Shares of the company reached a 52-week high of $10.72 on 01/07/25 and a 52-week low of $7.68 on 02/03/25. A 50-day SMA is recorded $8.31, while a 200-day SMA reached $6.08. Nevertheless, trading volume fell to 7.49 million shares from 9.25 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 7.86, which, if violated, would cause prices to drop to 7.67. In the upper region, resistance lies at 8.30. The next price resistance is at 8.55. RSI (Relative Strength Index) is 46.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 77.02%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
