Why Archer Aviation Stock Just Jumped 9%
Archer Aviation just delivered a double dose of good news: a Q2 earnings beat and a transformative deal to acquire three Boeing businesses.
Overview
Archer Aviation (NYSE: ACHR) stock was up more than 9% as of 12:59 p.m. ET Tuesday. Markets were down slightly, with the S&P 500 falling 0.2% and the Nasdaq Composite losing 0.5%.
Shares of the electric vertical takeoff and landing (eVTOL) developer are flying higher following the release of its latest earnings report and the announcement of a major deal with aviation giant Boeing.
Details
Source
Originally published at www.fool.com.
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