Archer Aviation Gains 123% in 3 Months: How Should You Play the Stock?

Shares of Archer Aviation Inc. (ACHR) have soared 123.2% in the past three months against the Zacks Aerospace-Defense industry’s decline of 9.7% as well as the broader Zacks Aerospace sector’s fall of 6.4%. It also outpaced the S&P 500’s return of 7.8% in the same time frame. Image Source: Zacks Investment ResearchThe stock’s three-month price return also outperformed that of three key aerospace manufacturers, namely, Airbus Group (EADSY) , The Boeing Company (BA) and Embraer S.A. (ERJ) . Shares of Airbus, ...