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 $26,558 were purchased by Lentell Eric on Mar 05 ’25. At $8.24 per share, Lentell Eric acquired 3,225 shares.
Also, Lentell Eric purchased 50,000 shares, netting a total of over 409,351 in proceeds.
Before that, Perkins Tosha had sold 49,273 shares from its account. In a trade valued at $379,486, the CHIEF PEOPLE PARTNERSHIPS OFF. traded Archer Aviation Inc shares for $7.70 each. Upon closing the transaction, the insider’s holdings decreased to 49,273 shares, worth approximately $1.76 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 drop of approximately -4.55%. Over the course of the year, Archer Aviation Inc shares have dropped approximately -22.46%. Shares of the company reached a 52-week high of $12.48 on 01/07/25 and a 52-week low of $6.64 on 02/28/25. A 50-day SMA is recorded $9.41, while a 200-day SMA reached $5.48.
Support And Resistance Levels for Archer Aviation Inc (ACHR)
According to the 24-hour chart, there is a support level at 7.33, which, if violated, would cause prices to drop to 7.10. In the upper region, resistance lies at 7.88. The next price resistance is at 8.21. RSI (Relative Strength Index) is 39.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 82.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
