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Archer Aviation (NASDAQ:ACHR) General Counsel Eric Lentell sold 95,896 shares of Class A Common Stock on June 30, 2025, for $10.60, totaling $1,016,497. The stock, currently trading at $9.88, has shown remarkable strength with a 165% return over the past year. According to InvestingPro analysis, ACHR appears slightly overvalued at current levels.
The sale was executed under a Rule 10b5-1 trading plan adopted on March 31, 2025, which has now been completed. According to the footnotes in the SEC filing, the transaction was effected for tax and estate planning purposes. Following the transaction, Lentell directly owns zero shares of Archer Aviation stock. With a market capitalization of $1.8 billion and strong analyst support (consensus rating of 1.78 out of 5, where 1 is Strong Buy), the company maintains a FAIR financial health score. Discover 12 additional key insights about ACHR with InvestingPro’s exclusive analysis.
In other recent news, Archer Aviation announced it has raised $850 million through a direct offering of 85 million shares of its Class A common stock at $10 per share. This funding significantly bolsters Archer’s financial position, providing it with a pro forma liquidity of approximately $2 billion. Additionally, Canaccord Genuity adjusted its price target for Archer to $13.00 from $13.50, maintaining a Buy rating following the capital raise. Meanwhile, Cantor Fitzgerald has reiterated its Overweight rating on Archer Aviation, emphasizing the company’s strategic partnerships with entities like United Airlines and Stellantis (NYSE:STLA) as key differentiators. These collaborations are expected to enhance Archer’s commercialization efforts and expand its total addressable market. Archer’s recent successful piloted test flight of its Midnight aircraft also marks a significant milestone in its flight testing program. The company plans to use the newly raised capital to accelerate manufacturing and certification efforts, particularly as it anticipates participating in the eVTOL Integration Pilot Program. In related developments, Tradr ETFs has launched two new leveraged ETFs targeting quantum computing companies, including Quantum Computing Inc. and Rigetti Computing Inc (NASDAQ:RGTI).
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