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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Archer Aviation Inc | NYSE:ACHR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.09 | -2.39% | 3.68 | 4.13 | 3.5736 | 3.87 | 5,874,355 | 01:00:00 |
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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