Archer Aviation Inc (ACHR) Quote

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

Instead of tuna salad we got chicken salad on rye untoasted with a side of potato salad and a cup of tea! Lol

The Costanza curse... do just the opposite.😁

I reverse jinxed it worked perfectly

Or not.

Will probably close red

NEWS: Stellantis Invests Additional $55 Million In Archer Following Recent Flight Test Milestone

* Investment from Stellantis under the companies’ strategic funding agreement builds on the $39 million worth of open market purchases of Archer stock that Stellantis completed earlier this year, and the $110 million investment made by Stellantis in Archer during 2023

* Construction nears completion on Archer’s high-volume manufacturing facility in Covington, GA, which is on track to be completed later this year

AMSTERDAM & SANTA CLARA, Calif., July 02, 2024--(BUSINESS WIRE)--Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) and Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced Archer has received an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following the achievement of its transition flight test milestone last month.

This latest investment builds on Stellantis’ series of open market purchases of 8.3 million shares of Archer’s stock in March of this year that was previously announced. During 2023, Stellantis invested $110 million in Archer through a combination of open market stock purchases and investments under the companies’ strategic funding agreement.

Archer remains on track to complete construction of its high-volume manufacturing facility in Georgia later this year. This first phase of the build out is a ~350,000 square foot facility on an ~100 acre site designed to support production of up to 650 aircraft annually, which would make it one of the largest manufacturing facilities by volume in the aircraft industry. Archer’s goal with this facility remains to establish a factory that can support its planned commercial ramp up by leveraging the expertise of Stellantis as its contract manufacturer.

"Few things rival the excitement of seeing a dream take flight. I applaud the innovation, expertise and hard work of the engineering and manufacturing teams from Stellantis and Archer," said Carlos Tavares, Stellantis CEO. "With this additional investment in Archer, we remain on course for a future where freedom of mobility extends beyond today’s roads."

"The commitment by Stellantis to Archer has been unrivaled, from its foresight to provide the manufacturing expertise and capital needed to accelerate Archer’s business objectives, to the strategic vision and steadfast support from Stellantis CEO Carlos Tavares," said Archer CEO, Adam Goldstein. "Together, we’re working to redefine urban transportation, opening new worlds of opportunity for citizens across the globe by providing more efficient access to people, places, and events across the regions they live in."

Stellantis has been a strategic partner to Archer since 2020 through various collaboration initiatives, and as an investor since 2021. During this time, Archer has leveraged Stellantis’ deep manufacturing, supply chain, and design expertise in connection with Archer’s efforts to design, develop, and commercialize its eVTOL aircraft.

Archer’s goal is to transform urban travel, replacing 60–90 minute commutes by car with estimated 10–20 minute electric air taxi flights that are safe, sustainable, low noise, and cost-competitive with ground transportation. Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights.

Lol my god

All depends on tomorrow, it’s very important that this $3.47 support holds

Right on cue

I wouldn’t be surprised if this dumped back to $3 it’s just the way it goes with this stock

Nice.

That's some amazing volume we have today.

13 million MOC

That's maybe being helped by one of our new partners buying in.........

Nice to see the volume kicking in!

Short Interest % of ff 28.7%

Short Interest 59.18m shares

Average cost to borrow 236.96%

Days to cover 12.25

Lol I’m frustrated as all hell

You might consider Xanax 0.25 mg twice daily....................

What a POS

CLASSIC!

Setting up for another classic performance

As a fairly frequent visitor to SF, I see where I will be getting my first "Midnight Ride".

$Lilm down as well

Nice green day for Joby I wonder why, something very wrong here

Looks like it doesn’t want to wait and will hit 2s before close. Will likely accelerate to 1s in just a few weeks

There is clearly some kind of problem here

1’s probably within a month or two

Down again today probably will reach 2’s if not today then definitely this week

Weekly chart

I’m losing my patience here all the stock ever does it go down. Just 3 significant green candles in the last 27 weeks

News today, stocks down… shocker

Yup back to 2’s unreal

Talk about a disconnect: Wall Street Analysts Think Archer Aviation (ACHR) Is a Good Investment: Is It?

"...
Let's take a look at what these Wall Street heavyweights have to say about Archer Aviation Inc. (ACHR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
..."
But read the entire article for context

What a joke

Extremely oversold on the weekly, great news twice in 7 days, stock price keeps going down

Hah! I’ve never read the comics but have heard the saying and love the reference. I would love it more if it was not an eVTOL but the stock price! Lol

Wednesday morning humor.

It's a bird, It's a plane. It's eVTOL!

(None of us are old enough to have heard the original, but anyone who read comics as a kid will remember
Superman 1941 Quote: "It's a bird! It's a plane! It's Superman!")

Or not

Sub 3 incoming

Bullcrap

Hell yea we will! Lol

We'll take it!

“With air carrier certification in hand, Archer can now confirm it will operate eVTOL air taxis on behalf of United, which catapulted the startup into the public eye when it announced a conditional order for $1 billion of Archer's aircraft and another $500 million in options in conjunction with the startup's merger with a special purpose acquisition company in 2021. That essentially turns the deal into a sale-leaseback transaction, with United providing the financing to support deployment of Archer’s air taxi fleet in the US.” - Elan Head from The Air Current

They’re calling it Archer Air

I wonder what the move after hours is about not seeing any other news

Earlier Elan Head from The Air Current said now that they have received its Part 135 Air Carrier Certificate, they’re ready to share more info on how it’s thinking about eVTOL operations, including for its strategic partner United

Pretty decent bounce here. See if it sticks. I only took a partial position yesterday.

ACHR daily

Great news let’s see what the stock does. I hate leaving gaps behind would love to fill then run.

Either way hopefully this gives us the traction we need to get out of this down trend

Actual good news today.

The elevator is due any minute

For her next trick she will perform the classic drop after the pop lol