New York, July 12, 2026, 15:08 (EDT)
With U.S. markets shut for the weekend, Joby Aviation, Inc. NYSE:JOBY heads into Monday at $7.72, after shedding 9.1% for the week and hitting a new 52-week low of $7.67 on Friday. The electric air taxi firm has now wiped out its gains from the June 30 manufacturing deal with Toyota Motor Corp. NYSE:TM; shares are 10.5% under where they closed on June 29.
Joby isn’t planning another flight test yet. A trading plan set up in March by founder and CEO JoeBen Bevirt allows for the sale of up to 2,221,019 Joby shares starting Wednesday, July 15, and running through Sept. 30, according to a quarterly filing. The Rule 10b5-1 plan is a pre-arranged insider trading setup. Since Bevirt put this plan in place months ago with sales based on pre-set terms, it wasn’t a reaction to last week’s drop.
At Friday’s close, the max block is about $17.1 million. That’s 7.1% of Friday’s 31.3 million-share volume. Split over 55 sessions, it would be around 40,400 shares daily, or 0.13% of Friday’s volume. That suggests more of a drag on sentiment than a huge supply of stock; the shares are from Bevirt and the Joby Trust, not the company.
| Bevirt trading plan, July 15-Sept. 30 | Scale |
|---|---|
| Max shares | 2,221,019 |
| Friday close value | $17.1 million |
| Percent of Friday volume | 7.1% |
| Even daily run rate, about 55 sessions | 40,400 shares per day |
| Daily run rate as share of Friday volume | 0.13% |
The action wasn’t all about Joby. Archer Aviation Inc. NYSE:ACHR, another U.S. eVTOL name, gained 7.8% Monday before dropping 8.2% Tuesday. Joby was up 5.1%, then fell 9.0%. Both traded lower after early gains, pointing to a wider pullback in eVTOL stocks. Still, Joby underperformed Archer by 4.1 percentage points and lagged the small-cap Russell 2000 by 8.5 points for the week.
| Week ended July 10 | Monday, July 6 | Tuesday, July 7 | Weekly return |
|---|---|---|---|
| Joby Aviation | up 5.1% | down 9.0% | fell 9.1% |
| Archer Aviation | added 7.8% | lost 8.2% | slipped 5.0% |
| S&P 500 | — | — | rose 1.2% |
| Russell 2000 | — | — | dipped 0.6% |
The Toyota deal is still in focus. The companies said the partnership will start out aiming at productivity, quality and cost, with plans to look at boosting capacity down the line. Joby’s Bevirt said the venture shows “shared confidence in the opportunity ahead.” Toyota’s Akio Toyoda called air mobility “a natural extension” of what the company already does. Joby Aero, Inc.
Joby finished Q1 with $2.5 billion in cash, cash equivalents and short-term investments. Its first FAA-conforming test aircraft — built to the design the U.S. regulator is looking at — flew during the quarter. Joby said it wrapped up the third of four big certification reviews. The cash gives Joby time, but big questions stay on certification and moving to full production.
Investors are bracing for a heavy week dominated by interest rates and economic data. The consumer price index lands Tuesday. The producer price index is out Wednesday. Retail sales hit Thursday. Federal Reserve Chair Kevin Warsh is set for a Congressional hearing. Higher rates can hurt companies that rely on future profits. “It just seems like a lot of factors coming to a head all at once,” said Michael Reynolds, vice president of investment strategy at Glenmede. Reuters
The planned selling could end up smaller than the stated maximum, or not happen, since the filing puts conditions on it. Easier inflation, progress on certification or new Toyota deals could lift the stock, but concentrated selling, high inflation or delays could push shares below Friday’s lows. The joint venture still needs manufacturing and IP agreements, and either party can walk away if talks fall through, according to Joby’s SEC filing.
Joby has no investor events on its calendar. Monday, traders will watch $7.67 for support, if Archer moves with it again, and if new ownership filings show up once the plan window opens Wednesday.
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