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 $600,000 were sold by Muniz Thomas Paul on Jan 07 ’25. At $12.00 per share, Muniz Thomas Paul sold 50,000 shares. The insider’s holdings dropped to 1,070,360 shares worth approximately $9.79 million following the completion of this transaction.
Also, Muniz Thomas Paul purchased 50,000 shares, netting a total of over 600,000 in proceeds.
Before that, Spellacy Michael had sold 278,487 shares from its account. In a trade valued at $2,784,870, the Director traded Archer Aviation Inc shares for $10.00 each. Upon closing the transaction, the insider’s holdings decreased to 278,487 shares, worth approximately $10.63 million.
As published in a research note from JP Morgan on January 10, 2025, Archer Aviation Inc [ACHR] has been rated down from an Overweight to a Neutral and the price target has been revised to $9 from $6. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of September 03, 2024, H.C. Wainwright has initiated its “Buy” rating for ACHR. Earlier on June 09, 2023, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for ACHR stock.
Analyzing ACHR Stock Performance
During the last five days, there has been a surge of approximately 1.22%. Over the course of the year, Archer Aviation Inc shares have dropped approximately -6.15%. Shares of the company reached a 52-week high of $12.48 on 01/07/25 and a 52-week low of $8.00 on 01/14/25. A 50-day SMA is recorded $8.92, while a 200-day SMA reached $4.98. Nevertheless, trading volume fell to 15.98 million shares from 14.78 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 8.89, which, if violated, would cause prices to drop to 8.64. In the upper region, resistance lies at 9.57. The next price resistance is at 10.00. RSI (Relative Strength Index) is 49.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 73.60%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
