Archer Aviation Stock Hits a New 52-Week Low. Is Now the Time to Buy?
Key takeaways
- ACHR NVDA ARCH.OL On Monday, Archer Aviation (NYSE: ACHR) stock fell to a new 52-week low.
- However, for long-term investors, could this prove to be a blessing in disguise?
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
ACHR NVDA ARCH.OL On Monday, Archer Aviation (NYSE: ACHR) stock fell to a new 52-week low. It has declined by nearly 40% since the start of the year, and it's now down close to 70% from its high of $14.62. It was a hot buy a few years ago, but the excitement around the electric vertical take-off and landing (e VTOL) stock has cooled off significantly.
However, for long-term investors, could this prove to be a blessing in disguise? Could now be an opportune time to buy low on Archer and just hang on for the long haul?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »