Archer Aviation shares noted for high volatility and strong institutional ownership
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U.S. equity markets closed Thursday with the Nasdaq at 27,193, the S&P 500 at 7,765, the Russell 2000 at 2,794 and the Dow Jones Industrial Average at 51,231.
Archer Aviation has a consensus price target of $11.50, a beta of 3.27 indicating it is 227% more volatile than the S&P 500, and 59.3% of its shares are held by institutional investors.