Archer Aviation Inc’s filing revealed that its Director Diaz Deborah acquired Company’s shares for reported $38522.0 on Nov 25 ’24. In the deal valued at $7.48 per share,5,150 shares were bought. As a result of this transaction, Diaz Deborah now holds 98,886 shares worth roughly $0.72 million.
Then, Goldstein Adam D bought 19,762 shares, generating $101,181 in total proceeds. Upon buying the shares at $5.12, the Chief Executive Officer now owns 2,014,890 shares.
Before that, Goldstein Adam D sold 1,372,247 shares. Archer Aviation Inc shares valued at $6,852,864 were divested by the Chief Executive Officer at a price of $4.99 per share. As a result of the transaction, Goldstein Adam D now holds 2,824,889 shares, worth roughly $20.62 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 Monday, Archer Aviation Inc [NYSE:ACHR] saw its stock fall -23.72% to $7.30. Over the last five days, the stock has gained 20.86%. Archer Aviation Inc shares have risen nearly 18.89% since the year began. Nevertheless, the stocks have risen 22.07% over the past one year. While a 52-week high of $9.84 was reached on 11/29/24, a 52-week low of $2.82 was recorded on 09/26/24. SMA at 50 days reached $3.96, while 200 days put it at $3.99.
Levels Of Support And Resistance For ACHR Stock
The 24-hour chart illustrates a support level at 6.17, which if violated will result in even more drops to 5.05. On the upside, there is a resistance level at 9.07. A further resistance level may holdings at 10.85. The Relative Strength Index (RSI) on the 14-day chart is 63.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.87%. Stochastics %K at 80.79% 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 2024-11-15, growing by 17.47 million shares to a total of 76.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 59.15 million shares. There was a rise of 22.8%, 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.
