Cathie Wood Just Bought 5 Million Shares of Archer Aviation. Should You Follow Her Lead While The Stock Trades Below $10?

Cathie Wood continues her buying spree in Archer Aviation stock, this time scooping up 5 million shares.Ark Invest CEO Cathie Wood is known for making moonshot bets. While most money managers balance their portfolios with a healthy mix of blue chip, growth, and even some speculative stocks, Wood tends to build positions in riskier opportunities.One stock that has recently become a staple in Wood's buying activity is Archer Aviation (ACHR 12.71%), a manufacturer of electric air taxis. Between Oct. 28 and Nov ...