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JP Morgan downgrades Joby Aviation Inc (JOBY) rating to an Underweight

In a filing, Joby Aviation Inc revealed its President of Aircraft OEM Papadopoulos Didier unloaded Company’s shares for reported $27008.0 on Mar 17 ’25. In the deal valued at $6.40 per share,4,220 shares were sold. As a result of this transaction, Papadopoulos Didier now holds 68,517 shares worth roughly $0.42 million.

Then, Papadopoulos Didier sold 3,710 shares, generating $23,262 in total proceeds. Upon selling the shares at $6.27, the President of Aircraft OEM now owns 64,807 shares.

Before that, DIDIER PAPADOPOULOS bought 3,710 shares. Joby Aviation Inc shares valued at $23,855 were divested by the Officer at a price of $6.43 per share.

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 -4.04% to $6.17. Over the last five days, the stock has gained 2.32%. Joby Aviation Inc shares have fallen nearly -24.11% since the year began. Nevertheless, the stocks have risen 20.74% 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 03/11/25. SMA at 50 days reached $7.66, while 200 days put it at $6.34.

Levels Of Support And Resistance For JOBY Stock

The 24-hour chart illustrates a support level at 6.08, which if violated will result in even more drops to 5.99. On the upside, there is a resistance level at 6.32. A further resistance level may holdings at 6.47. The Relative Strength Index (RSI) on the 14-day chart is 39.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.03%. Stochastics %K at 30.30% 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 2025-02-28, growing by 4.72 million shares to a total of 64.41 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 59.7 million shares. There was a rise of 7.32%, which implies that there is a positive sentiment for the stock.

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