Stock Track | Joby Aviation Plummets 8.86% on Insider Selling Concerns

Stock Track01:48

Joby Aviation's stock (JOBY) took a significant hit on Wednesday, plummeting by 8.86% in intraday trading. The electric vertical take-off and landing aircraft company saw its shares fall to $9.35 before closing at $9.53, amid concerns over recent insider selling activity.

The selling involved two key insiders at the company. Company insider Didier Papadopoulos sold 7,692 shares at an average price of $10.00, netting $76,920. This transaction reduced Papadopoulos' ownership stake in Joby Aviation by 13%, leaving him with 50,902 shares.

More notably, CEO Joeben Bevirt sold a substantial 250,000 shares on January 6 at $9.84 each, totaling $2.46 million. While Bevirt still holds a significant stake of over 32.3 million shares worth around $318 million, the sale reduced his ownership by 0.77%. Bevirt had also previously sold 23,886 shares in a separate transaction on January 2 at $8.08.

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The electric vertical take-off and landing aircraft company saw its shares fall to $9.35 ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JOBY","symbol_name":"Joby Aviation, Inc.","start_time":0,"source_url":"","article_id":"1155731149","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155731149","pubTimestamp":1736358508,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Joby Aviation's stock  took a significant hit on Wednesday, plummeting by 8.86% in intraday trading. 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