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JOBY Slides As CFO Brumana Discloses $887,000 Share Sale

JACK KELLOGG•UPDATED JUL. 2, 2026, 2:33 PM ET
Reviewed by Tim Sykesand Fact-checked by Ellis Hobbs

Joby Aviation Inc. stocks have been trading down by -4.92 percent after news spotlighted regulatory and certification risks for eVTOL deployment.

Key Takeaways

  • Joby Aviation’s CFO, Rodrigo Brumana, sold 78,489 JOBY shares worth about $887,000 in a newly filed Form 4 with the SEC.
  • After the insider sale, Brumana still controls 81,694 JOBY shares, signaling reduced but ongoing exposure to the stock.
  • JOBY has pulled back from recent highs near $10, with the stock closing around the mid‑$8s after a choppy, low‑range trading session.
  • Financials show heavy losses but a very strong cash position, keeping JOBY squarely in high‑risk, high‑reward territory for active traders.

Candlestick Chart

Live Update At 14:32:33 EDT: On Thursday, July 02, 2026 Joby Aviation Inc. stock [NYSE: JOBY] is trending down by -4.92%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

Joby Aviation Inc. sits in classic pre‑revenue, high‑burn territory. JOBY booked about $53.4M in revenue over the trailing period, but what matters more for traders right now is the scale of the losses and the size of the cash cushion.

On the income side, JOBY posted a quarterly net loss of about $110M on total revenue of roughly $24.2M. Profit margins are deeply negative, with EBIT margin at around -746%. That tells traders the business is still firmly in build‑out mode, not in harvest mode.

The balance sheet, however, shows serious firepower. JOBY reports roughly $2.47B in cash, cash equivalents, and short‑term investments, plus about $875M in straight cash. Current ratio sits near 22.1, which is huge. In plain English, JOBY has plenty of liquidity to keep funding research, testing, and certification work.

More Breaking News

On the chart, JOBY has faded from pushes above $10 to close near $8.40 in recent sessions. Price‑to‑sales around 116x is extreme, which tells traders the story is almost entirely about future expectations, not present earnings.

Why Traders Are Watching JOBY’s Insider Sale

JOBY grabbed traders’ attention after a new Form 4 showed CFO Rodrigo Brumana selling 78,489 shares, cashing out about $887,000. After the trade, he still controls 81,694 JOBY shares, but the move adds a fresh narrative to an already volatile chart.

Insider selling by a senior executive always makes short‑term traders perk up. With JOBY trading in the mid‑$8s after recently testing levels near $10, this sale looks like it came after a solid run. Some will read that as a classic “sell into strength” move. Others will see it as standard personal portfolio management. The key is not to overreact to a single data point.

JOBY’s multi‑day chart shows a gradual drift lower: closes stepping down from near $10 to under $9, then to about $8.40. The daily candles show repeated pushes toward $9–$10 getting sold off. That fits with a story where early momentum traders lock in gains while late chasers get trapped near the top.

Intraday, the 5‑minute chart paints the same picture. JOBY opened near $8.90, pushed briefly above $9, then spent the rest of the day grinding down into the low‑$8.40s with tight, low‑range candles. That’s not panic selling. It’s controlled distribution, with buyers stepping back and letting price slide.

For active traders, JOBY now sits in a zone where headlines like this insider sale can tip sentiment quickly. A break under recent lows around $8.30–$8.40 can attract short sellers. A surprise spike back over $9 on volume would warn of a squeeze.

Conclusion

JOBY is a pure trading story right now: big vision, heavy losses, and a lot of cash in the bank to keep the dream alive. The latest insider sale, with CFO Rodrigo Brumana unloading 78,489 shares while keeping 81,694 JOBY shares, adds a subtle bearish flavor to the tape, but it is not a death sentence for the trend on its own.

Financially, JOBY’s negative returns on equity and assets, combined with an extreme price‑to‑sales multiple, make the stock highly sensitive to every new headline and every rumor about future progress. At the same time, the strong cash and low debt give the company a long runway, which keeps momentum traders coming back whenever JOBY catches a spark.

From a trading perspective, the job now is simple: respect the levels. Watch how JOBY behaves around the recent $8.30–$8.50 area and the psychological $9–$10 band. Track volume on every push.

As millionaire penny stock trader and teacher Tim Sykes says, “It’s not about how much money you make; it’s about how much money you keep.”. Tim Sykes often says, “Discipline is the only edge that never stops working.” JOBY is a textbook case. Let the chart confirm your thesis, react fast to new filings like this insider sale, and remember this is for education and research only — not a signal to buy or sell.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. Explore his top picks and discover the strategies that have propelled him to success with these articles:

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”