Why Archer Aviation Stock Lifted Off in October
Shares of the electric vertical takeoff and landing (eVTOL) company, Archer Aviation (NYSE: ACHR), spiked in October after the company successfully completed a public demonstration of its Midnight aircraft at an airshow and as the company acquired air taxi patents and signed a new partnership with an airline.
The busy month for Archer boosted investor optimism in the company and pushed shares up 17.1% during the month.
Image source: Archer Aviation.
Source Fool.com
