Why Archer Aviation Stock Was Falling Today
Archer Aviation (ACHR) The Motley Fool·2025-01-10 17:54Shares of Archer Aviation (ACHR -10.42%), the high-flying electric vertical takeoff and landing (eVTOL) stock, were pulling back today after JPMorgan Chase weighed in on the stock, downgrading its rating from overweight to neutral on valuation concerns, as well as the belief that the market may be getting ahead of itself.As of 11:58 a.m. ET, the stock was down 11.6% on the news. Archer loses altitudeJPMorgan says that the stock was trading as if the company had received full certification, which it has not. ...