Archer Aviation Stock News

Archer Aviation (ACHR -7.96%) stock is moving lower in Monday's trading. The flying electric vehicle (EV) company's share price was down 8.3% as of 2:45 p.m.

Archer Aviation (ACHR) shares sank 11% Monday when the manufacturer of electric vertical takeoff and landing (eVTOL) aircraft backed by United Airlines (UAL) announced it was doubling the number of common stock available and changed requirements for board membership and ownership.

Archer Aviation created Archer Defense to tap into the defense sector's VTOL aircraft market with limited additional work. Archer Defense opens up a new market with existing demand, enhancing Archer Aviation's growth potential. The company raised additional funds, pushing the cash balance to over $930 million, providing the capital to launch eVTOL production and air taxi services.

Cathie Wood is the head of money management firm Ark Invest and is best known on Wall Street for her bullish stances on emerging technologies in artificial intelligence (AI) and genomics. One of Wood's higher-conviction investment themes resides in the electric vehicle (EV) industry.

Archer Aviation (ACHR 15.14%) stock posted explosive gains in Tuesday's trading, which saw the market close at 1 p.m. for the Christmas Eve holiday.

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.

Archer Aviation (ACHR 12.71%) stock posted big gains over the last week of trading. The flying electric vehicle (EV) specialist's share price closed out the week's trading up 10%, according to data from S&P Global Market Intelligence.

The urban air mobility revolution is approaching faster than many realize. Electric vertical takeoff and landing (eVTOL) aircraft -- essentially next-generation helicopters powered by batteries instead of jet fuel -- represent a transformative leap in urban transportation.