Archer Aviation's (ACHR -23.72%) electric vertical takeoff and landing (eVTOL) vehicles are still grounded, but the stock was taking flight last month as enthusiasm for the new short-distance transportation technology mounted. According to data from S&P Global Market Intelligence, the stock finished last month up 204%.A surge in the second half of the month came after Needham initiated coverage on the stock with a buy rating after the Federal Aviation Administration (FAA) issued a new set of rules in Octobe ...

Archer Aviation Midnight flight testArcher AviationIt has been a turbulent 30 days in the stock market for Archer Aviation (ACHR), one of several hopefuls in the emerging electric air taxi field. On November 5th, its share price clocked in at $3.25. By one point on November 29th, it was priced at $9.75, a 200% increase in just over 3 weeks. On that day alone, the stock closed up 18% from the previous day’s close.But quicker than you can say electric vertical takeoff and landing (eVTOL), the stock price lost ...

Is Archer Aviation's incredible run coming to an end?Archer Aviation (ACHR -24.87%) is falling fast in Monday's trading. The flying-taxi specialist's share price was down 26.2% as of 12:15 p.m. ET.Archer Aviation is sinking today in conjunction with surging short interest on the stock. On the heels of explosive gains over the last month, some investors are now placing big bets that the company's share price will go down in the near term.Short interest is rising on Archer AviationEven with today's big sell-o ...

Israel Englander's Millennium Management significantly reduced its position in Rivian and plowed into a flying taxi start-up instead.Israel "Izzy" Englander is a billionaire hedge fund manager and serves as chairman and CEO of Millennium Management. During the third quarter, Millennium made some curious moves among electric vehicle (EV) stocks -- yet surprisingly, I'm not talking about Tesla.According to Millennium's latest 13F filing, Englander and his team trimmed the fund's stake in Rivian Automotive (RI ...

The stock has nearly doubled over the past few weeks on optimism the company is getting closer to getting its eVTOL taxi business off the ground.Advancements in technology are creating new industries worth billions of dollars. Society is on the precipice of electric vertical takeoff and landing (eVTOL) transportation -- electric flying taxis that can help people get around in densely populated areas without further clogging up highways.Archer Aviation (ACHR 23.84%) is one of the companies vying for a top sp ...

Three powerful catalysts make this high-flying eVTOL stock worth holding despite traditional profit-taking rules.Conventional trading wisdom suggests selling half your position when a speculative growth stock doubles. This "sell-half" rule helps lock in profits while letting winners ride, protecting investors from the violent reversals common in early stage companies. Yet despite my 106% gain on Archer Aviation (ACHR 4.50%) from my $2.92 average cost basis, built through careful position scaling during mark ...

The energy and transportation sectors have seen massive disruption in the 21st century. From electric vehicles like Tesla to ride-sharing platforms like Uber Technologies, people have many different ways to get around these days. Some of these purported disrupters have made millionaires out of their shareholders. Others, such as the embattled hydrogen fuel cell truck company Nikola, have lost shareholders a lot of money.Then what are investors to think of electric vertical take-off and landing (eVTOL) taxis ...

One analyst is bullish on the eVTOL market later this decade. Shares of electric flying taxi company Archer Aviation (ACHR 5.71%) rallied a whopping 40.6% this week through Thursday trading, according to data from S&P Global Market Intelligence. Archer is an electric vertical takeoff and landing (eVTOL) taxi company that is pre-revenue, and was a darling of the pandemic bubble. Shares have seen been severely beaten-down, and were recently down about 80% below their highs reached shortly after their public d ...

One of the most exciting new technologies on the stock market these days is electric vertical takeoff and landing (eVTOL) aircraft. These vehicles, designed for short-distance urban transit, have the potential to disrupt the urban transportation market.Two companies are leading the charge in the development-stage technology: Archer Aviation (ACHR 14.23%) and Joby Aviation. Joby is the more valuable of the two companies with a market capitalization of $5 billion versus $2 billion for Archer Aviation. However ...

This eVTOL aircraft maker could have a bright future.Archer Aviation (ACHR 14.23%) has disappointed a lot of investors since its public debut three years ago. The developer of electric vertical take-off and landing (eVTOL) aircraft went public by merging with a special purpose acquisition company (SPAC), and it started trading at $9.90 and soared to a record high of $17.14 in February 2021. But today, Archer's stock trades at about $4.It crashed and burned as it missed its own pre-merger expectations, racke ...