The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Archer Aviation Inc shares valued at $450,000 were sold by Muniz Thomas Paul on Dec 16 ’24. At $9.00 per share, Muniz Thomas Paul sold 50,000 shares. The insider’s holdings dropped to 1,120,360 shares worth approximately $9.43 million following the completion of this transaction.
Also, Spellacy Michael purchased 470,000 shares, netting a total of over 4,700,000 in proceeds.
Before that, Muniz Thomas Paul had added 50,000 shares to its account. In a trade valued at $450,000, the Officer bought Archer Aviation Inc shares for $9.00 each.
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 surge of approximately 17.43%. Over the course of the year, Archer Aviation Inc shares have jumped approximately 37.13%. Shares of the company reached a 52-week high of $10.58 on 12/18/24 and a 52-week low of $2.82 on 09/26/24. A 50-day SMA is recorded $5.25, while a 200-day SMA reached $4.20. Nevertheless, trading volume fell to 51.99 million shares from 42.43 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 7.85, which, if violated, would cause prices to drop to 7.27. In the upper region, resistance lies at 9.34. The next price resistance is at 10.25. RSI (Relative Strength Index) is 60.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 50.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
