Archer Aviation Inc’s filing revealed that its CHIEF TECHNOLOGY OFFICER Muniz Thomas Paul unloaded Company’s shares for reported $0.6 million on Jan 07 ’25. In the deal valued at $12.00 per share,50,000 shares were sold. As a result of this transaction, Muniz Thomas Paul now holds 1,070,360 shares worth roughly $ 11.42 million.
Then, Muniz Thomas Paul bought 50,000 shares, generating $600,000 in total proceeds.
Before that, Spellacy Michael sold 278,487 shares. Archer Aviation Inc shares valued at $2,784,870 were divested by the Director at a price of $10.00 per share. As a result of the transaction, Spellacy Michael now holds 1,162,183 shares, worth roughly $12.4 million.
JP Morgan downgraded its Archer Aviation Inc [ACHR] rating to a Neutral from a an Overweight in a research note published on January 10, 2025; the price target was increased to $9 from $6. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. H.C. Wainwright began covering ACHR with “Buy” recommendation on September 03, 2024. Canaccord Genuity started covering the stock on June 09, 2023. It rated ACHR as “a Buy”.
Price Performance Review of ACHR
On Tuesday, Archer Aviation Inc [NYSE:ACHR] saw its stock jump 3.09% to $10.67. Over the last five days, the stock has gained 4.61%. Archer Aviation Inc shares have risen nearly 9.44% since the year began. Nevertheless, the stocks have risen 95.42% over the past one year. While a 52-week high of $12.48 was reached on 01/07/25, a 52-week low of $2.82 was recorded on 01/14/25. SMA at 50 days reached $9.31, while 200 days put it at $5.21.
Levels Of Support And Resistance For ACHR Stock
The 24-hour chart illustrates a support level at 10.17, which if violated will result in even more drops to 9.68. On the upside, there is a resistance level at 11.50. A further resistance level may holdings at 12.34. The Relative Strength Index (RSI) on the 14-day chart is 61.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.68%. Stochastics %K at 85.87% indicates the stock is a selling.
The most recent change occurred on July 27, 2022 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $8 price target.
