Why Archer Aviation Stock Sank and Then Skyrocketed This Week

Archer Aviation (NYSE: ACHR) stock was highly volatile over the last week of trading, but managed to close out the period with a modest gain. The flying taxi company's share price ended the stretch up 1.3% from last week's market close, according to data from S&P Global Market Intelligence. Shares had been down as much as 13.4% in the week, but they rebounded thanks to big gains Friday.Archer Aviation stock lost ground early in the week's trading amid a broader pullback for stocks with speculative valuations. But the flying electric-vehicle specialist's share price surged on Friday thanks to some big announcements and bullish coverage from analysts.Responding to concerns about valuations and pending inflation data, investors became more cautious about speculative stocks early in this past week's trading. Archer Aviation stock has been on an incredible run, and the company's share price tumbled as investors shifted to take on less risk. But its share price didn't stay down for long.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool