Archer Aviation Inc’s filing revealed that its General Counsel and Secretary Lentell Eric unloaded Company’s shares for reported $0.77 million on Dec 04 ’24. In the deal valued at $6.74 per share,114,788 shares were sold. As a result of this transaction, Lentell Eric now holds 0 shares worth roughly $0.0.
Then, Perkins Tosha sold 150,000 shares, generating $960,000 in total proceeds. Upon selling the shares at $6.40, the CHIEF PEOPLE PARTNERSHIPS OFF. now owns 197,355 shares.
Before that, Lentell Eric bought 114,788 shares. Archer Aviation Inc shares valued at $773,671 were divested by the Officer at a price of $6.74 per share.
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 -5.56% to $7.82. Over the last five days, the stock has gained 7.12%. Archer Aviation Inc shares have risen nearly 27.36% since the year began. Nevertheless, the stocks have risen 25.12% 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 $4.41, while 200 days put it at $4.05.
Levels Of Support And Resistance For ACHR Stock
The 24-hour chart illustrates a support level at 7.41, which if violated will result in even more drops to 7.01. On the upside, there is a resistance level at 8.24. A further resistance level may holdings at 8.67. The Relative Strength Index (RSI) on the 14-day chart is 62.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.66%. Stochastics %K at 66.25% 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 2024-11-15, 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.
