Stellantis Just Bought 3.6 Million Shares of Archer Aviation (ACHR) Stock

Who’s bullish on Archer Aviation (NYSE:ACHR) stock? Stellantis (NYSE:STLA) certainly is. The automotive manufacturing giant recently filed a Form 4 revealing a $15.63 million insider purchase. Stellantis is considered an insider of Archer due to its status as a 10% owner of the company. Between March 4 and March 7, Stellantis acquired 3.6 million shares of ACHR stock at average prices ranging between $4.22 and $4.51. The firm’s largest purchase was on March 6, when it picked up 1.07 million shares. In total ...