Archer Aviation Inc. (ACHR) shares are experiencing a downturn in pre-market trading on December 30, 2024. Despite the company's recent impressive rally, which saw its stock price increase by approximately 250% since early November, there are growing concerns about potential delays in the Federal Aviation Administration (FAA) certification process and other operational challenges. A prominent investor, Stone Fox Capital, has expressed caution, suggesting that the stock may be "priced for perfection" following its recent surge. The investor advises waiting for a dip before considering further investment, citing risks such as certification delays and potential manufacturing issues.
The current price of Archer Aviation's stock is $10.64, reflecting a 4.79% decrease from the previous close of $11.18.