Why Archer Aviation Stock Plummeted Today
Archer Aviation (US:ACHR) The Motley Foolยท2025-07-21 21:18Shares of Archer Aviation (ACHR -10.91%) fell on Monday, finishing the day down 10.9%. The drop came as the S&P 500 (^GSPC 0.14%) and Nasdaq Composite (^IXIC 0.38%) both gained modestly.A judge ruled that a lawsuit against the company, which develops electric vertical takeoff and landing (eVTOL) aircraft, can move forward. At the same time, Stellantis, a major backer of Archer, reported poor preliminary numbers for its upcoming quarter.Archer must face a shareholder suitWhen Archer went public, it did so us ...