Joby Aviation Slides 0.41% on 273rd-Ranked 460M Volume Amid Analyst Rating Split and 31.89% Strategy Outperformance

On July 30, 2025, Joby Aviation (JOBY) traded at a 0.41% decline with a volume of $0.46 billion, ranking 273rd in market activity. Analyst ratings remained mixed, with Morgan Stanley and HC Wainwright reaffirming "buy" ratings, while Wall Street Zen upgraded from "sell" to "hold." The stock’s average rating of "Hold" reflects cautious optimism, with a consensus price target of $9.33. Recent insider transactions included Didier Papadopoulos receiving 8,428 performance-based RSUs, vesting in two tranches tied to 2026 milestones, and Eric Allison’s $329,629.86 sale of shares, signaling limited immediate market impact. Institutional investors adjusted holdings, with CWM LLC and Stratos Wealth Partners increasing stakes, though insider ownership remains at 32.4%. The eVTOL sector faces ongoing scrutiny over regulatory hurdles and commercialization timelines, affecting broader sentiment.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day yielded a 166.71% return from 2022 to the present, significantly outperforming the benchmark return of 29.18%. The strategy's excess return was 137.53%, and it achieved a CAGR of 31.89%. This indicates that the strategy has been highly effective, providing substantial returns relative to the market benchmark.