Archer Aviation Inc’s recently made public that its 10% Owner Stellantis N.V. acquired Company’s shares for reported $9.99 million on Aug 08 ’24. In the deal valued at $3.35 per share,2,982,089 shares were bought. As a result of this transaction, Stellantis N.V. now holds 59,734,962 shares worth roughly $212.06 million.
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Then, Stellantis N.V. bought 17,401,153 shares, generating $54,999,824 in total proceeds. Upon buying the shares at $3.16, the 10% Owner now owns 56,752,873 shares.
Before that, Stellantis N.V. bought 750,000 shares. Archer Aviation Inc shares valued at $3,894,053 were divested by the 10% Owner at a price of $5.19 per share. As a result of the transaction, Stellantis N.V. now holds 39,351,720 shares, worth roughly $139.7 million.
Canaccord Genuity initiated its Archer Aviation Inc [ACHR] rating to a Buy in a research note published on June 09, 2023; the price target was $9. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. JP Morgan began covering ACHR with “an Overweight” recommendation on April 28, 2022. Deutsche Bank started covering the stock on April 11, 2022. It rated ACHR as “a Buy”.
Price Performance Review of ACHR
On Monday, Archer Aviation Inc [NYSE:ACHR] saw its stock fall -2.47% to $3.55. Over the last five days, the stock has lost -9.21%. Archer Aviation Inc shares have fallen nearly -42.18% since the year began. Nevertheless, the stocks have fallen -39.11% over the past one year. While a 52-week high of $7.49 was reached on 01/02/24, a 52-week low of $3.00 was recorded on 05/29/24. SMA at 50 days reached $3.95, while 200 days put it at $4.71.
Levels Of Support And Resistance For ACHR Stock
The 24-hour chart illustrates a support level at 3.46, which if violated will result in even more drops to 3.38. On the upside, there is a resistance level at 3.69. A further resistance level may holdings at 3.84. The Relative Strength Index (RSI) on the 14-day chart is 35.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.34%. Stochastics%K at 20.20% indicates the stock is a holding.
How much short interest is there in Archer Aviation Inc?
A steep rise in short interest was recorded in Archer Aviation Inc stocks on
The most recent change occurred on November 30, 2021 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $14 price target.
