What you need to know about Archer Aviation stock
Archer Aviation, which has been a major player in the aviation industry for over 30 years, has just announced a major stock price surge.
The stock has climbed from $10.00 to $25.00 in the past 24 hours, bringing its market cap to over $2 billion.
Archer Aviation CEO and founder Bill Archer said that the company’s stock price rally is “a major milestone” in its history.
“It is the biggest price surge in history, which means that Archer Aviation is going to have a major impact on our share price,” he said.
Archers stock is expected to hit $30.00 before the end of the day.
The company’s market cap is around $2.8 billion, with $1.5 billion invested in the US.
The stock has seen a significant rise in recent weeks.
Archer has seen its stock rise by more than $200 in a single day.
Archery Aviation was founded in 1976 and has been an industry leader for over 25 years.
The airline is currently the largest airline in the United States.
The aircraft maker has grown to become the second largest in the world after American Airlines, which boasts a market cap of more than four billion dollars.
Ars Technica reported that the airline industry was expected to see a record $6.5 trillion in revenues in 2019.