Archer Aviation Inc. (NYSE: ACHR) is one of them 10 stocks falling off a cliff.
Archer Aviation saw its share price fall by 8.94% to $9.88 as investor sentiment was attenuated by the company’s $1 million worth of executives.
According to regulatory filings, Eric Lentell, an adviser to Archer Aviation Inc. (NYSE: ACHR), sold more than 95,000 ACHR stakes for $10.6 for a total of $1.01 million.
The sale is said to have been carried out under the Rule 10B5-1 trading plan, but investors adopted the news from a negative standpoint, especially as the total value represents the entire stock of Rentel’s airline.
In other news, Archer Aviation Inc. (NYSE: ACHR) has partnered with Jetex to develop the infrastructure for air taxis in the United Arab Emirates.
Under the partnership, the companies will strengthen Jetex’s strategically located fixed base operator (FBOS) locations, making them suitable for Archer’s Midnight Aircraft.
Engineers who assemble electric aircraft and emphasize the company’s manufacturing capabilities.
Archer will work with Jetex to design passenger experiences and integrate EVTOL aircraft into their daily operations. The upgrade, combined with Jetex’s premium service standards, provides an efficient, technically-enabled customer journey.
While we acknowledge the potential of ACHR as an investment, our belief lies in the belief that some AI stocks hold a greater commitment to offering higher returns and limited downside risk. If you’re looking for a very inexpensive AI stock that is also a major beneficiary of Trump’s tariffs and supervision, check out our free report. Best Short-Term AI Stocks.
Read next: Best AI stocks to buy now and According to the billionaire, 30 best stocks to buy now.
Disclosure: None. This article was originally published Insider Monkey.
