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STLA Stellantis NV

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Stellantis NV BIT:STLA Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Archer Aviation Shares Climb 4.9% After Stellantis Increases Stake

19/10/2023 7:12pm

Dow Jones News


Stellantis NV (BIT:STLA)
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By Ben Glickman

 

Shares of Archer Aviation rose Thursday after Stellantis increased its ownership stake in the company.

The stock was up 4.9% to $5.27 in afternoon trading. Shares have nearly tripled in value this year.

According to a regulatory filing, Stellantis purchased 12.3 million shares of the electric-aircraft maker at $5.68 a share on Oct. 16, an investment of about $70 million.

Stellantis's stake in Archer now stands at just over 31 million shares.

 

Write to Ben Glickman at ben.glickman@wsj.com

 

(END) Dow Jones Newswires

October 19, 2023 13:57 ET (17:57 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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