Archer Aviation Inc. (ACHR) is up 5.20 percent, gaining $0.98 to reach $11.34 after receiving FAA certification to launch its pilot training academy.
Archer opened at $11.00 and has traded between $10.89 and $11.84 today. With a significant volume of 44.97 million shares, the stock is nearing the high end of its 52-week range, which spans from $2.82 to $12.48.
The Part 141 certification allows Archer to officially train pilots for its future commercial air taxi services with its Midnight aircraft.
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