
Archer Aviation Stock Trades Flat Q1 Results, Flight Update

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Archer Aviation shares are flat as traders assess Q1 results and FAA certification updates. The company reported Q1 revenue of $1.60 million, exceeding expectations, and a loss of 28 cents per share, better than the anticipated loss of 32 cents. Archer plans to participate in the White House's eVTOL Integration Pilot Program and has $1.8 billion in liquidity. The stock is trading at $6.58, with key resistance at $7.50 and support at $6.00, indicating a potential rebound despite longer-term challenges.
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