Archer Aviation Inc’s recent filing unveils that its Officer Muniz Thomas Paul acquired Company’s shares for reported $0.45 million on Dec 16 ’24. In the deal valued at $9.00 per share,50,000 shares were bought.
Then, Spellacy Michael sold 63,000 shares, generating $447,300 in total proceeds. Upon selling the shares at $7.10, the Director now owns 191,513 shares.
Before that, Muniz Thomas Paul sold 438,428 shares. Archer Aviation Inc shares valued at $3,327,669 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $7.59 per share. As a result of the transaction, Muniz Thomas Paul now holds 1,170,360 shares, worth roughly $10.38 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 jump 5.72% to $8.87. Over the last five days, the stock has gained 13.43%. Archer Aviation Inc shares have risen nearly 44.46% since the year began. Nevertheless, the stocks have risen 28.55% 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 $4.90, while 200 days put it at $4.13.
Levels Of Support And Resistance For ACHR Stock
The 24-hour chart illustrates a support level at 8.24, which if violated will result in even more drops to 7.60. On the upside, there is a resistance level at 9.40. A further resistance level may holdings at 9.92. The Relative Strength Index (RSI) on the 14-day chart is 66.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.09%. Stochastics %K at 55.76% 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 2024-11-29, growing by 10.68 million shares to a total of 71.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 60.76 million shares. There was a rise of 14.94%, 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.
