Archer Aviation Stock Has Surged 45% in the Past Month. Should You Buy Into the Rally?
The eVTOL stock is still down more than 50% from its highs.
Overview
Archer Aviation (NYSE: ACHR) stock has been red-hot of late. For much of the year, it's been doing poorly, but there have been some recent developments, including a deal to acquire multiple businesses from aircraft giant Boeing, which appear to have sparked renewed interest in this electric vertical takeoff and landing (eVTOL) company.
In just the past month, the stock has soared an incredible 45%. The big question is: has it risen too much too quickly, or can there still be more room for Archer's stock to rise even higher?
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.