Stellantis (10% owner) bought 751,879 shares of Archer Aviation at $6.65 on 2024-12-11 for $5.0M, expanding stake to 60.49M shares despite unprofitability.
Stellantis, a major shareholder with 60.49M shares post-transaction, deployed $5.0M to add 751,879 shares of unprofitable Archer Aviation at $6.65, even as the company carries a full-year net loss of $115.3M. The stock has surged 96.0% in the past 30 days and 153.5% over 90 days, trading near its 52-week high at $8.39 (only 12.3% below the peak at $9.57). Stellantis' prior five purchases at ACHR show a 0 of 5 record of positive 90-day returns, with three earlier 2024 buys followed by declines ranging from -31.8% to -37.1%. The timing of this purchase during a steep rally and amid ongoing losses mirrors a pattern that has not yielded favorable outcomes on Stellantis' prior accumulation efforts at this ticker.