On November 25, 2024, Deborah Diaz, a Director at Archer Aviation Inc, purchased 5,150 shares of the company, as reported in the SEC Filing. Following this transaction, the insider now holds a total of 98,886 shares in the company.
Archer Aviation Inc (ACHR, Financial) is engaged in the development of electric vertical takeoff and landing (eVTOL) aircraft. The company aims to revolutionize urban air mobility by providing sustainable and efficient transportation solutions.
The recent purchase by Deborah Diaz marks the insider's first acquisition of shares in the past year, with no shares sold during the same period. This activity is part of a broader trend within the company, where there have been eight insider buys and two insider sells over the past year.
Shares of Archer Aviation Inc were trading at $7.48 each on the day of the purchase, resulting in a market cap of $3.105 billion for the company. Investors may consider this insider buying activity as a potential indicator of confidence in the company's future prospects.
For more information on the company's valuation metrics, such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, investors can explore further details on the company's financial performance.
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