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Why Archer Aviation Stock Lifted Off in October

TheMotleyFool

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Why Archer Aviation Stock Lifted Off in October: https://g.foolcdn.com/editorial/images/841252/archer_aviation.jpg

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