Archer Aviation Inc. (NYSE:ACHR – Get Rating) major shareholder Brett Adcock sold 120,000 shares of the firm's stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $2.51, for a total value of $301,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Brett Adcock also recently made the following trade(s):

• On Monday, December 5th, Brett Adcock sold 49,584 shares of Archer Aviation stock. The stock was sold at an average price of $2.41, for a total value of $119,497.44.
• On Wednesday, November 30th, Brett Adcock sold 120,000 shares of Archer Aviation stock. The shares were sold at an average price of $2.32, for a total value of $278,400.00.
• On Monday, November 28th, Brett Adcock sold 4,096 shares of Archer Aviation stock. The stock was sold at an average price of $2.40, for a total transaction of $9,830.40.
• On Tuesday, November 22nd, Brett Adcock sold 100,000 shares of Archer Aviation stock. The shares were sold at an average price of $2.41, for a total transaction of $241,000.00.
• On Tuesday, November 1st, Brett Adcock sold 62,301 shares of Archer Aviation stock. The stock was sold at an average price of $2.79, for a total transaction of $173,819.79.
• On Tuesday, October 25th, Brett Adcock sold 100,000 shares of Archer Aviation stock. The shares were sold at an average price of $2.78, for a total transaction of $278,000.00.
• On Thursday, October 20th, Brett Adcock sold 11,319 shares of Archer Aviation stock. The stock was sold at an average price of $2.80, for a total value of $31,693.20.
• On Monday, October 17th, Brett Adcock sold 100,000 shares of Archer Aviation stock. The stock was sold at an average price of $2.83, for a total value of $283,000.00.
• On Tuesday, October 11th, Brett Adcock sold 100,000 shares of Archer Aviation stock. The shares were sold at an average price of $2.63, for a total value of $263,000.00.
• On Thursday, October 6th, Brett Adcock sold 100,000 shares of Archer Aviation stock. The stock was sold at an average price of $2.86, for a total transaction of $286,000.00.

Archer Aviation Stock Performance

ACHR stock opened at $2.15 on Friday. The firm's fifty day moving average is $2.62 and its 200 day moving average is $3.31. Archer Aviation Inc. has a 52 week low of $2.12 and a 52 week high of $7.81. The company has a quick ratio of 14.05, a current ratio of 14.05 and a debt-to-equity ratio of 0.02.

Analyst Upgrades and Downgrades

Institutional Trading of Archer Aviation

Several hedge funds have recently added to or reduced their stakes in ACHR. Bank of New York Mellon Corp increased its holdings in shares of Archer Aviation by 22.9% in the third quarter. Bank of New York Mellon Corp now owns 555,370 shares of the company's stock worth $1,449,000 after buying an additional 103,591 shares during the period. BNP Paribas Arbitrage SNC bought a new position in Archer Aviation during the 3rd quarter worth approximately $642,000. Alliancebernstein L.P. bought a new position in Archer Aviation during the 3rd quarter worth approximately $47,000. State Street Corp increased its stake in Archer Aviation by 9.3% in the 3rd quarter. State Street Corp now owns 7,613,771 shares of the company's stock worth $19,872,000 after purchasing an additional 649,634 shares during the period. Finally, Two Sigma Investments LP bought a new stake in Archer Aviation in the third quarter valued at approximately $64,000. 58.80% of the stock is owned by institutional investors.

About Archer Aviation

(Get Rating)

Archer Aviation Inc, an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc Archer Aviation Inc was incorporated in 2018 and is headquartered in Palo Alto, California.

Further Reading

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