Why Archer Aviation Skyrocketed 228% in 2023

To the delight of shareholders, Archer Aviation (ACHR -0.96%) found itself on a new trajectory in 2023, heading much higher after it lost a significant amount of altitude in 2022. In addition to receiving favorable attention from analysts, the electric air taxi company announced several encouraging deals last year to charge up investors' excitement.According to data provided by S&P Global Market Intelligence, Archer Aviation stock rose 228% in 2023.Archer rose higher last spring and continued to soar over t ...