Archer Aviation ( (ACHR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Archer Aviation’s stock saw significant volatility recently, initially rising due to speculative rumors of a partnership or acquisition by Tesla. However, the stock later declined after Tesla’s announcement did not mention Archer. Despite this short-term fluctuation driven by social media speculation, Archer is making real progress with partnerships, like with United Airlines, and is working towards FAA type certification, which are key for its commercial launch.
More about Archer Aviation
YTD Price Performance: 42.53%
Average Trading Volume: 37,940,644
Technical Sentiment Signal: Buy
Current Market Cap: $8.8B
For further insights into ACHR stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.