Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Archer Aviation Inc shares valued at $447,300 were purchased by Spellacy Michael on Dec 12 ’24. At $7.10 per share, Spellacy Michael acquired 63,000 shares.
Also, Muniz Thomas Paul purchased 438,428 shares, netting a total of over 3,327,669 in proceeds.
Before that, Lentell Eric had sold 114,788 shares from its account. In a trade valued at $773,671, the General Counsel and Secretary traded Archer Aviation Inc shares for $6.74 each. Upon closing the transaction, the insider’s holdings decreased to 114,788 shares, worth approximately $0.0.
As published in their initiating research note from Needham on November 19, 2024, Archer Aviation Inc [ACHR] has been a Buy and the price target has been revised to $11. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of June 09, 2023, Canaccord Genuity has initiated its “Buy” rating for ACHR. Earlier on July 27, 2022, Raymond James initiated its rating. Their recommendation was “an Outperform” for ACHR stock.
Analyzing ACHR Stock Performance
During the last five days, there has been a drop of approximately -6.40%. Over the course of the year, Archer Aviation Inc shares have jumped approximately 16.78%. Shares of the company reached a 52-week high of $9.84 on 11/29/24 and a 52-week low of $2.82 on 09/26/24. A 50-day SMA is recorded $4.68, while a 200-day SMA reached $4.09. Nevertheless, trading volume fell to 56.51 million shares from 19.49 million shares the previous day.
Support And Resistance Levels for Archer Aviation Inc (ACHR)
According to the 24-hour chart, there is a support level at 6.86, which, if violated, would cause prices to drop to 6.56. In the upper region, resistance lies at 7.46. The next price resistance is at 7.76. RSI (Relative Strength Index) is 56.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 65.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
