Joby Aviation (NYSE:JOBY) Reaches New 12-Month Low at $7.82

Joby Aviation Inc (NYSE:JOBY) hit a new 52-week low during trading on Tuesday . The company traded as low as $7.82 and last traded at $7.88, with a volume of 51464 shares traded. The stock had previously closed at $8.14.

JOBY has been the topic of a number of recent analyst reports. Zacks Investment Research cut Joby Aviation from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley started coverage on Joby Aviation in a research report on Thursday, September 23rd. They issued an “overweight” rating and a $16.00 target price on the stock.

The stock’s 50-day moving average price is $9.21.

Several large investors have recently added to or reduced their stakes in JOBY. Cahaba Wealth Management Inc. bought a new stake in shares of Joby Aviation during the third quarter worth about $100,000. Baillie Gifford & Co. acquired a new position in shares of Joby Aviation in the third quarter worth approximately $77,233,000. Exos Asset Management LLC acquired a new position in shares of Joby Aviation in the third quarter worth approximately $241,000. Independent Advisor Alliance acquired a new position in shares of Joby Aviation in the third quarter worth approximately $194,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Joby Aviation in the third quarter worth approximately $200,000. Institutional investors own 29.63% of the company’s stock.

Joby Aviation Company Profile (NYSE:JOBY)

Reinvent Technology Partners entered into a definitive business combination agreement with Joby Aviation.

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