Why Archer Aviation Stock Popped 18.6% Last Month
Key takeaways
- ACHR NVDA Shares of Archer Aviation (NYSE: ACHR) popped 18.6% last month, according to data from S&P Global Market Intelligence.
- Here s why shares were rising in May, and whether now is a good time to add the stock to your portfolio.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
ACHR NVDA Shares of Archer Aviation (NYSE: ACHR) popped 18.6% last month, according to data from S&P Global Market Intelligence. An electric vertical takeoff and landing (e VTOL) start-up, Archer Aviation, released an earnings update in May that highlighted its continued progress toward getting its innovative aircraft flying commercially and for defense contracts.
The pre-revenue stock remains down 20% this year. Here s why shares were rising in May, and whether now is a good time to add the stock to your portfolio.
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 »