Archer Aviation Inc’s filing revealed that its Chief Executive Officer Goldstein Adam D acquired Company’s shares for reported $0.1 million on Nov 21 ’24. In the deal valued at $5.12 per share,19,762 shares were bought. As a result of this transaction, Goldstein Adam D now holds 2,014,890 shares worth roughly $12.17 million.
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Then, Goldstein Adam D sold 1,372,247 shares, generating $6,852,864 in total proceeds. Upon selling the shares at $4.99, the Chief Executive Officer now owns 2,824,889 shares.
Before that, Goldstein Adam D sold 829,761 shares. Archer Aviation Inc shares valued at $4,276,090 were divested by the Chief Executive Officer at a price of $5.15 per share. As a result of the transaction, Goldstein Adam D now holds 1,995,128 shares, worth roughly $12.05 million.
Needham initiated its Archer Aviation Inc [ACHR] rating to a Buy in a research note published on November 19, 2024; the price target was $11. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. Canaccord Genuity began covering ACHR with “Buy” recommendation on June 09, 2023. Raymond James started covering the stock on July 27, 2022. It rated ACHR as “an Outperform”.
Price Performance Review of ACHR
On Friday, Archer Aviation Inc [NYSE:ACHR] saw its stock jump 4.50% to $6.04. Over the last five days, the stock has gained 46.96%. Archer Aviation Inc shares have fallen nearly -1.63% since the year began. Nevertheless, the stocks have risen 0.33% over the past one year. While a 52-week high of $7.01 was reached on 11/22/24, a 52-week low of $2.82 was recorded on 09/26/24. SMA at 50 days reached $3.48, while 200 days put it at $3.93.
Levels Of Support And Resistance For ACHR Stock
The 24-hour chart illustrates a support level at 5.78, which if violated will result in even more drops to 5.52. On the upside, there is a resistance level at 6.26. A further resistance level may holdings at 6.48. The Relative Strength Index (RSI) on the 14-day chart is 80.38, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.84%. Stochastics %K at 94.84% indicates the stock is a selling.
How much short interest is there in Archer Aviation Inc?
A steep rise in short interest was recorded in Archer Aviation Inc stocks on 2024-10-31, growing by 8.92 million shares to a total of 60.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 51.84 million shares. There was a rise of 14.67%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 28, 2022 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $7 price target.
