Joby Aviation ( (JOBY) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Joby Aviation’s stock took a hit after Morgan Stanley downgraded it from Overweight to Equal Weight. The downgrade was driven by concerns over increased uncertainty related to tariffs and potential disruptions in the supply chain, compounded by Boeing’s execution challenges and the lingering effects of COVID-19. The analyst indicated a preference for more stable and defensive stocks in the current risk-averse market, suggesting Joby’s stock may struggle to perform well.
More about Joby Aviation
YTD Price Performance: -25.59%
Average Trading Volume: 12,078,676
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.93B
For further insights into JOBY stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.