VTOL Looking to Consolidate  

June 30, 2023

July 3, 2023 Update- If this morning’s premarket is an indication of how the week will playout, we have low expectations, but that doesn’t mean that nothing’s going on. In fact, the low news volume may keep the spotlight on VTOL, one of our favorite sectors and we plan on providing a few updates throughout the week, as we expect some significant new developments over the next few weeks, in this space

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Joby Aviation Inc. (NYSE:JOBY) is trading at $10.4785, up $0.2185 (+2.13%), on trading volume of nearly 562,451 shares.

Archer Aviation Inc. (NYSE:ACHR) is at $4.26, up $0.14 (+3.40%), on 188,458 shares.

Lilium N.V. (NASDAQ:LILM) is at $1.87 +0.11 (+6.25%), on 1,093,948 shares.

(24/7 MARKET NEWS) – It seems like many traders already kicked off their holiday weekend, which may explain the dull markets today, so we’re keeping our eyes on the Vertical Take Off and Landing (VTOL) space.

If you’ve been visiting our site since the beginning of May, you know that we’ve been covering VTOLs more than just about any other sector.

Joby Aviation Inc. (NYSE:JOBY) was around $4 in early May and it’s at $10.19, up $0.21 (+2.10%), on 4,610,280 shares.

Archer Aviation Inc. (NYSE:ACHR) was around $2 and it’s at $4.18, up $0.16 (+3.98%), on 875,393 shares.

We covered Lilium N.V. (NASDAQ:LILM) when it crossed above $0.50 and it’s at $1.60, $0.08 (+5.26%), on 1,251,172 shares.

We’re hoping to see these consolidate at these levels and hold on to their recent gains. We would also be comfortable with a slight pullback and transition into a consolidation move. If you’ve been fortunate enough to follow our early heads-up, you could take a little off the table on this move to position for the possible pullback.

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