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

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.

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.

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

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