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ACHR Archer Aviation Inc

3.68
-0.09 (-2.39%)
11 May 2024 - Closed
Delayed by 15 minutes
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

Archer Aviation Shares Climb 4.9% After Stellantis Increases Stake

19/10/2023 7:12pm

Dow Jones News


Archer Aviation (NYSE:ACHR)
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From May 2023 to May 2024

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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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1 Year Archer Aviation Chart

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