Archer Aviation Stock Soared Today -- Is It Too Late to Buy the Flying Taxi Stock?

Archer Aviation (NYSE: ACHR) stock posted big gains in Thursday's trading. The flying taxi company's share price closed out the day up 10.1% and had been up as much as 20.3% earlier in the session.Archer Aviation stock climbed today as investors became more confident that automaker Stellantis will remain an active partner despite the departure of its CEO, Carlos Tavares. Stellantis has been a significant backer of Archer Aviation and had recently agreed to contribute up to $400 million to scale production of the flying taxi specialist's Midnight aircraft. In addition to the positive shift on Stellantis-related sentiment, Archer Aviation stock may also have gotten a boost from analyst coverage that was highlighted at TipRanks. The website spotlighted bullish coverage Canaccord published roughly a month ago in an article titled "Canaccord Pounds the Table on Archer Aviation Stock."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool