Why Archer Aviation Stock Plummeted This Week
Archer Aviation (ACHR) The Motley Fool·2024-08-02 23:40The flying-taxi stock got battered in a topsy-turvy week of trading.Archer Aviation (ACHR 0.25%) stock slipped lower in this week's trading. The flying electric vehicle (EV) company's share price ended the period down 14.3% from last Friday's market close, according to data from S&P Global Market Intelligence.Meanwhile, the S&P 500 index fell 2.1%, and the more growth-weighted Nasdaq Composite index retreated roughly 3.4% across the stretch. Uneven performance in earnings season and new economic data caused ...