Bullish indicating open at $55-$60, IPO prices at $37
SAN JOSE, CA—In a recent transaction, Tosha Perkins, Chief People Partnerships Officer at Archer Aviation Inc. (NYSE:ACHR), sold 33,335 shares of the company’s Class A Common Stock. The shares were sold at a weighted average price of $7.0353, totaling approximately $234,521. The transaction comes as Archer’s stock shows significant volatility, having surged 117.5% over the past six months despite a recent 14.4% decline in the past week. According to InvestingPro analysis, the company currently trades near its Fair Value, with 12 additional real-time insights available to subscribers. This sale was conducted on March 31, 2025, to cover tax withholding obligations related to the vesting of restricted stock units, as per company policy.
Earlier, on March 28, Perkins acquired 63,612 shares through the vesting of performance-based restricted stock units, with no monetary transaction involved. Following these transactions, Perkins holds 262,673 shares directly.
In other recent news, Archer Aviation Inc. has entered a significant agreement with Ethiopian Airlines, valued at $30 million, to deploy its Midnight eVTOL aircraft for air taxi services in Ethiopia. This partnership aims to establish an electric air taxi network in the region, marking a major step in introducing eVTOL technology to Africa. Archer Aviation will provide a comprehensive support package, including pilots, technicians, and engineers, to ensure smooth operations. Meanwhile, Cantor Fitzgerald has maintained its Overweight rating on Archer Aviation with a $13.00 price target, citing strategic partnerships as crucial to the company’s commercialization efforts. These collaborations include notable entities like the Department of Defense and United Airlines, which are expected to facilitate Archer’s operations and expand its market reach. Additionally, Archer Aviation has partnered with Palantir Technologies (NASDAQ:PLTR) to develop AI for advanced aviation technologies, focusing on enhancing aircraft manufacturing and aviation systems. This collaboration aims to drive innovation across the aviation industry, improving efficiency and safety. Benchmark analysts have also reiterated a Buy rating for Archer Aviation with a $12.00 price target, highlighting progress in the FAA certification process for the Midnight eVTOL aircraft.
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