Joby Aviation (NYSE:JOBY) sinks post-holiday; Toyota partnership triggers funding after insider sale headlines
Joby comes into Monday after dropping 3.96% to $8.49 before the U.S. holiday. After-hours ticked up to $8.51. Volume spiked to 56.18 million, well over the 65-day average of 32.86 million, according to MarketWatch. Short interest and Toyota paperwork are in play. The latest filing data looks clearer than what the headline suggests. Seven Rule 144 filings on July 2 involved shares picked up July 1 as restricted stock units from Joby’s 2021 incentive plan. All together, these sales planned for about $563,851 — a small amount for the market, and even smaller compared to Joby’s 983.6 million shares out.