In a filing, Archer Aviation Inc revealed its General Counsel and Secretary Lentell Eric unloaded Company’s shares for reported $0.44 million on Mar 05 ’25. In the deal valued at $8.19 per share,53,225 shares were sold. As a result of this transaction, Lentell Eric now holds 0 shares worth roughly $0.0.
Then, Lentell Eric bought 3,225 shares, generating $26,558 in total proceeds.
Before that, Lentell Eric bought 50,000 shares. Archer Aviation Inc shares valued at $409,351 were divested by the Officer at a price of $8.19 per share.
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 Monday, Archer Aviation Inc [NYSE:ACHR] saw its stock jump 5.19% to $8.31. Over the last five days, the stock has gained 22.21%. Archer Aviation Inc shares have fallen nearly -14.77% since the year began. Nevertheless, the stocks have risen 61.67% 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 03/10/25. SMA at 50 days reached $9.02, while 200 days put it at $5.62.
Levels Of Support And Resistance For ACHR Stock
The 24-hour chart illustrates a support level at 8.00, which if violated will result in even more drops to 7.69. On the upside, there is a resistance level at 8.54. A further resistance level may holdings at 8.77. The Relative Strength Index (RSI) on the 14-day chart is 50.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.82%. Stochastics %K at 43.73% indicates the stock is a holding.
How much short interest is there in Archer Aviation Inc?
A steep rise in short interest was recorded in Archer Aviation Inc stocks on 2025-02-28, growing by 6.58 million shares to a total of 53.64 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 47.05 million shares. There was a rise of 12.27%, which implies that there is a positive sentiment for the stock.
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.
