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JP Morgan Downgrades Joby Aviation Inc (JOBY) to an Underweight from a Neutral

Joby Aviation Inc’s recently made public that its insider DeHoff Kate unloaded Company’s shares for reported $51289.0 on Feb 13 ’25. In the deal valued at $7.43 per share,6,903 shares were sold. As a result of this transaction, DeHoff Kate now holds 202,276 shares worth roughly $ 1.61 million.

Then, Bevirt JoeBen sold 10,785 shares, generating $80,133 in total proceeds. Upon selling the shares at $7.43, the CEO and Chief Architect now owns 793,036 shares.

Before that, Allison Eric sold 6,903 shares. Joby Aviation Inc shares valued at $51,289 were divested by the Chief Product Officer at a price of $7.43 per share. As a result of the transaction, Allison Eric now holds 586,314 shares, worth roughly $4.66 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 jump 1.40% to $7.94. Over the last five days, the stock has gained 1.40%. Joby Aviation Inc shares have fallen nearly -2.34% since the year began. Nevertheless, the stocks have risen 27.24% 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 02/12/25. SMA at 50 days reached $8.28, while 200 days put it at $6.19.

Levels Of Support And Resistance For JOBY Stock

The 24-hour chart illustrates a support level at 7.72, which if violated will result in even more drops to 7.49. On the upside, there is a resistance level at 8.26. A further resistance level may holdings at 8.57. The Relative Strength Index (RSI) on the 14-day chart is 48.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.21%. Stochastics %K at 42.09% indicates the stock is a holding.

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