Thomas Paul Muniz, Chief Technology Officer of Archer Aviation Inc. (NYSE:ACHR), executed a significant stock transaction according to a recent SEC filing. On May 16, Muniz sold 80,919 shares of Archer Aviation’s Class A common stock, resulting in a total sale value of approximately $1,050,967. The shares were sold at a weighted average price of $12.9879, with individual transactions occurring at prices between $12.63 and $13.53. The stock, currently trading near its 52-week high of $13.92, has delivered an impressive return of over 250% in the past year. According to InvestingPro analysis, the stock’s RSI indicates overbought territory, with 13 more exclusive insights available to subscribers.
The sale was primarily conducted to satisfy tax withholding obligations associated with the vesting of restricted stock units, as per company policy. Following this transaction, Muniz retains ownership of 1,253,294 shares of Archer Aviation’s Class A common stock in the $2.4 billion market cap company. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value. Discover comprehensive insights about ACHR and 1,400+ other stocks through InvestingPro’s detailed research reports.
In other recent news, Archer Aviation Inc. reported a narrower-than-expected loss for the first quarter of 2025, with an earnings per share (EPS) of -$0.17, surpassing the forecasted -$0.28. This performance highlights the company’s effective cost management and strategic initiatives in the urban air mobility market. Archer Aviation has also been selected as the Official Air Taxi Provider for the LA28 Olympic and Paralympic Games, showcasing its Midnight eVTOL aircraft. Furthermore, Cantor Fitzgerald has maintained its Overweight rating on Archer Aviation, citing optimism about the progress of the FAA’s Type Certification process and the company’s strong financial position, which includes a cash balance of approximately $1 billion. The firm also noted Archer’s strategic partnerships with companies like Anduril and Stellantis (NYSE:STLA) as key advantages. Archer’s expansion into hybrid VTOLs is seen as a strategic move to diversify its business model, allowing it to bypass certain regulatory hurdles. These developments underscore Archer Aviation’s ongoing efforts to solidify its position in the advanced air mobility sector.
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