Joby Aviation stock hit a new 52-week low of $5.57 on October 9th. The electric air taxi developer's stock value decreased nearly 65% over the past year. It trades more than 70% below its 52-week high.
Barclays analysts reaffirmed an 'Underweight' rating on Joby's stock. Negative market sentiment persists despite the company's progress toward FAA certification.
Insider stock sales were disclosed on October 2nd. These sales covered tax withholding obligations related to vested equity awards.