Here is Why Archer Aviation (ACHR) Fell Last Week (Corrected)

Archer Aviation Inc. (NYSE:ACHR) is one of 10 Stocks that Fell Off the Cliff.

Archer Aviation saw its share prices decrease by 8.94 percent to close at $9.88 apiece on July 1st after an executive disposed of $1 million worth of shares in the company. The transaction was disclosed on July 1st after the markets closed and JOBY shares also lost 7% of their value on the same day. So, the large decline in ACHR shares is probably a result of investor concerns over valuations of these high-flying stocks.

According to a regulatory filing, Archer Aviation Inc. (NYSE:ACHR) General Counsel Eric Lentell sold more than 95,000 ACHR shares at a price of $10.6 for a total of $1.01 million. “I sold a certain number of RSUs that had previously vested. I still hold close to 1M RSUs and you can see that in our recent proxy disclosure in connection with our 2025 Annual Meeting of Shareholders,” Eric Lentell told Insider Monkey in an email.

In other news, Archer Aviation Inc. (NYSE:ACHR) partnered with JetEx for an infrastructure development for air taxis in the United Arab Emirates.

Under the partnership, the two companies plan to enhance Jetex’s strategically located fixed base operator (FBOs) locations to better suit Archer’s Midnight aircraft.

Archer Aviation (ACHR) Falls Hard as Exec Sells Off Entire Stake
Archer Aviation (ACHR) Falls Hard as Exec Sells Off Entire Stake

A technician assembling an electric aircraft, highlighting the company’s manufacturing capabilities.

Archer plans to work with Jetex to design the passenger experience and integrate eVTOL aircraft into daily operations. The upgrades will be paired with Jetex’s luxury service standards to deliver an efficient, tech-enabled customer journey.

While we acknowledge the potential of ACHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey. An earlier version of the article expressed negative investor sentiment due to insider transaction as a possible cause for the decline.

Source link

Visited 1 times, 1 visit(s) today

Related Article

POCHEON, SOUTH KOREA - SEPTEMBER 30: An AH64 Apachi helicopter hovers during the South Korea and U.S. joint military exercise to commemorate the 63th Korea Armed Forces Day at the Seungjin firing drill ground on September 30, 2011 in Pocheon, South Korea. The exercise is intended to prepare the South Korean defence force for any potential action from North Korea. (Photo by Chung Sung-Jun/Getty Images)

South Korea Canceling AH-64 Apache Order A Sign Of What’s To Come

The TWZ Newsletter Weekly insights and analysis on the latest developments in military technology, strategy, and foreign policy. News has emerged out of South Korea that the country’s plans for a follow-on buy of 36 AH-64E Apache Guardian attack helicopters have been aborted. These aircraft would have joined 36 AH-64s already procured for Republic of

8 July 2025
A money printing press.

2 Elite S&P 500 Dividend Stocks to Buy Now and Hold Forever

It’s nice to have cash deposited automatically deposited into your investment account on a regular basis. The S&P 500 (^GSPC -0.79%) includes some of the largest and best businesses in the world, and many of these companies can make solid income investments. Here are two S&P 500 companies that are offering much higher yields than

8 July 2025
‘Extensive vandalism’ closes bathrooms at Miami County park

‘Extensive vandalism’ closes bathrooms at Miami County park

Yahoo is using AI to generate takeaways from this article. This means the info may not always match what’s in the article. Reporting mistakes helps us improve the experience.Generate Key Takeaways Officials are looking for information after the bathrooms at a local park were vandalized. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks]

8 July 2025
Starovoit’s body is removed after he was found dead in Odintsovo, outside Moscow.

Russian minister Roman Starovoit found dead after being fired by Vladimir Putin

The deaths have been treated with scepticism for years by Western observers who have seen Putin increase his power and personal wealth while wielding control over oligarchs and officials. Activist and former financier Sir William Browder, who revealed the Kremlin’s torture and killing of its enemies in the book Red Notice, estimated that Putin amassed

8 July 2025
A person staring straight ahead with a depiction of a digital spinning wheel over one eye.

2 Hot AI Stocks to Sell Before They Fall 25%, According to Wall Street Analysts

Everyone has fallen in love with artificial intelligence (AI) stocks, and for good reason. But that does not mean investors should buy stakes in these companies and ignore valuation, which always matters in the long run. Plenty of AI stocks have soared by three-figure percentages in the last year. This makes them dangerous to buy

7 July 2025
Toyota Hybrid CVT shift selector

What Is An E-CVT And How Is It Different From A CVT?

Luca Lorenzelli/Shutterstock The term “CVT”, short for Continuously Variable Transmission, already confuses plenty of drivers, so naturally, automakers had to go and add a new twist. Enter the e-CVT or electronic-Continuously Variable Transmission. You’ve seen it in hybrid specs and maybe even heard it buzzing away under

7 July 2025
0
Would love your thoughts, please comment.x
()
x