Archer Aviation Inc. (NYSE: ACHR) stock is up 5% in early trading the day after the company reported its fourth-quarter earnings. The move reversed an 11% drop in after-hours and pre-market trading when the report dropped.
[content-module:CompanyOverview|NYSE:ACHR]The likely reason for the initial sell-off was that Archer delivered weak headline numbers at a time when speculative investors were in a sell-first and ask-questions-later mood. However, a key reason for the reversal may have come from bullish analyst sentiment, which came in before the market opened. That raises the question, is this a time to buy the stock, or are investors getting a relief rally before the stock takes another leg down?
