Why Archer Aviation Stock Skyrocketed 204% in November

Archer Aviation's (ACHR -23.72%) electric vertical takeoff and landing (eVTOL) vehicles are still grounded, but the stock was taking flight last month as enthusiasm for the new short-distance transportation technology mounted. According to data from S&P Global Market Intelligence, the stock finished last month up 204%.A surge in the second half of the month came after Needham initiated coverage on the stock with a buy rating after the Federal Aviation Administration (FAA) issued a new set of rules in Octobe ...