Archer Aviation Inc’s recent filing unveils that its Officer Muniz Thomas Paul acquired Company’s shares for reported $0.34 million on Aug 19 ’24. In the deal valued at $3.74 per share,91,425 shares were bought.
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Then, Perkins Tosha bought 44,575 shares, generating $166,639 in total proceeds.
Before that, Mesler Mark bought 53,876 shares. Archer Aviation Inc shares valued at $201,410 were divested by the Officer at a price of $3.74 per share.
H.C. Wainwright initiated its Archer Aviation Inc [ACHR] rating to a Buy in a research note published on September 03, 2024; the price target was $12.50. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Raymond James began covering ACHR with “an Outperform” recommendation on July 27, 2022. JP Morgan started covering the stock on April 28, 2022. It rated ACHR as “an Overweight”.
Price Performance Review of ACHR
On Friday, Archer Aviation Inc [NYSE:ACHR] saw its stock jump 1.36% to $2.98. Over the last five days, the stock has lost -2.93%. Archer Aviation Inc shares have fallen nearly -51.47% since the year began. Nevertheless, the stocks have fallen -39.92% over the past one year. While a 52-week high of $7.01 was reached on 01/02/24, a 52-week low of $2.82 was recorded on 09/26/24. SMA at 50 days reached $3.50, while 200 days put it at $4.24.
Levels Of Support And Resistance For ACHR Stock
The 24-hour chart illustrates a support level at 2.89, which if violated will result in even more drops to 2.79. On the upside, there is a resistance level at 3.06. A further resistance level may holdings at 3.13. The Relative Strength Index (RSI) on the 14-day chart is 40.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.99%. Stochastics %K at 41.55% 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 2024-09-13, dropping by -15.95 million shares to a total of 49.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 65.44 million shares. There was a decline of -32.23%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 11, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
