Archer Aviation stock is up 291% over the last three months, and it could still deliver huge wins for long-term investors.

Shares of Archer Aviation have been in a short-term volatility rally as the stock launched from $3 to $11 in less than two months. The rush of buying interest in the stock follows headlines of the company’s advancement of products and FAA acknowledgements.

Shares of Archer Aviation Inc. (NYSE:ACHR – Get Free Report) were down 3.1% during trading on Wednesday . The stock traded as low as $9.57 and last traded at $9.75. Approximately 31,060,523 shares changed hands during trading,

The last couple of years have been a roller-coaster ride for investors. Back in 2022, inflation reached abnormally high levels, which caused the Federal Reserve to pursue an aggressive interest-rate hike strategy. Unsurprisingly, investor enthusiasm waned, and stocks cratered in an epically precipitous fashion.