Archer Aviation(ACHR) Soars 2.96% on Olympic Partnership

Archer Aviation(ACHR) shares surged 2.96% today, marking the seventh consecutive day of gains, with a 42.91% increase over the past week. The stock price reached its highest level since January 2025, with an intraday gain of 3.46%.

The strategy of buying ACHR shares after they reached a recent high and holding for one week resulted in significant returns over the past five years. The strategy achieved an overall return of 727.51%, with a benchmark return of 44.90% and an excess return of 682.61%. The strategy's CAGR was 145.48%, indicating strong compounding. However, the Sharpe ratio was relatively low at 1.57, suggesting that the risk-adjusted returns were moderate. The maximum drawdown was -58.20%, and the volatility was 92.69%, indicating that the strategy carried significant risk. Overall, the strategy delivered substantial returns but came with considerable volatility and risk.

Archer Aviation has been selected as the official air taxi provider for the 2028 Los Angeles Olympic and Paralympic Games. This partnership is expected to enhance the company's visibility and credibility, contributing to positive market sentiment. The selection underscores Archer's growing influence in the urban air mobility sector and its potential to attract more investors.

Archer Aviation has announced a collaboration with United Airlines to launch air-taxi services in New York City, with plans to expand to other major cities such as Los Angeles, San Francisco, and Miami. This strategic partnership highlights the company's aggressive growth strategy and its commitment to expanding its services in key urban areas. The collaboration is expected to drive significant revenue growth and further solidify Archer's position in the market.

Archer Aviation has secured a contract with the U.S. Air Force worth up to $142 million, positioning itself as a key player in the military market. This contract underscores the potential for significant revenue from military sales, contributing to long-term growth prospects. The military contract is a testament to Archer's technological advancements and its ability to meet the stringent requirements of the defense sector.