Why Archer Aviation Stock Soared 17.2% Higher in April

Extending the 5.6% decline that it suffered in March, the S&P 500 (^GSPC 1.47%) inched almost 0.7% lower in April. Of course, there were stocks that bucked the trend and managed to gain altitude last month. Archer Aviation (ACHR 9.08%), for example, ascended 17.2% higher, according to data provided by S&P Global Market Intelligence.In addition to the company announcing advancements in its goal to bring air taxi service via its electric vertical take-off and landing (eVTOL) aircraft to customers, investors l ...