Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Archer Aviation Inc shares valued at $423,500 were sold by Perkins Tosha on May 01 ’25. At $8.47 per share, Perkins Tosha sold 50,000 shares. The insider’s holdings dropped to 212,673 shares worth approximately $2.59 million following the completion of this transaction.
Also, Perkins Tosha purchased 50,000 shares, netting a total of over 423,500 in proceeds.
Before that, Perkins Tosha had sold 33,335 shares from its account. In a trade valued at $234,522, the CHIEF PEOPLE PARTNERSHIPS OFF. traded Archer Aviation Inc shares for $7.04 each. Upon closing the transaction, the insider’s holdings decreased to 33,335 shares, worth approximately $3.2 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 39.16%. Over the course of the year, Archer Aviation Inc shares have jumped approximately 25.03%. Shares of the company reached a 52-week high of $12.48 on 01/07/25 and a 52-week low of $5.48 on 04/07/25. A 50-day SMA is recorded $8.05, while a 200-day SMA reached $6.52.
Support And Resistance Levels for Archer Aviation Inc (ACHR)
According to the 24-hour chart, there is a support level at 11.70, which, if violated, would cause prices to drop to 11.22. In the upper region, resistance lies at 12.46. The next price resistance is at 12.74. RSI (Relative Strength Index) is 78.17 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.36, which suggests the price will increase in the coming days. Percent R is at 1.46%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
