Archer Aviation Inc’s filing revealed that its Director Spellacy Michael unloaded Company’s shares for reported $2.78 million on Dec 18 ’24. In the deal valued at $10.00 per share,278,487 shares were sold. As a result of this transaction, Spellacy Michael now holds 1,162,183 shares worth roughly $12.99 million.
Then, Spellacy Michael sold 191,513 shares, generating $1,915,130 in total proceeds. Upon selling the shares at $10.00, the Director now owns 0 shares.
Before that, Muniz Thomas Paul sold 50,000 shares. Archer Aviation Inc shares valued at $450,000 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $9.00 per share. As a result of the transaction, Muniz Thomas Paul now holds 1,120,360 shares, worth roughly $12.53 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 Friday, Archer Aviation Inc [NYSE:ACHR] saw its stock fall -1.32% to $11.18. Over the last five days, the stock has gained 32.78%. Archer Aviation Inc shares have risen nearly 82.08% since the year began. Nevertheless, the stocks have risen 75.79% over the past one year. While a 52-week high of $11.36 was reached on 12/27/24, a 52-week low of $2.82 was recorded on 09/26/24. SMA at 50 days reached $5.98, while 200 days put it at $4.34.
Levels Of Support And Resistance For ACHR Stock
The 24-hour chart illustrates a support level at 10.76, which if violated will result in even more drops to 10.35. On the upside, there is a resistance level at 11.64. A further resistance level may holdings at 12.11. The Relative Strength Index (RSI) on the 14-day chart is 72.03, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.54%. Stochastics %K at 94.21% 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 2024-12-13, dropping by -3.03 million shares to a total of 73.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 76.61 million shares. There was a decline of -4.11%, which implies that there is a negative 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.
