Cathie Wood Pounces On Sinking Archer Aviation Shares

Group 1 - Cathie Wood's ARK Invest purchased over 3 million shares of Archer Aviation after a significant drop in stock price, which fell more than 7% on Thursday and an additional 14% on Friday following an earnings report that disappointed investors [2] - Archer Aviation's stock experienced volatility, with a notable drop attributed to investor reactions to its earnings report [2] - A related positive development for Archer Aviation includes a deal with Korean Air, which agreed to purchase 100 flying taxi aircraft for both commercial and government purposes, indicating potential growth opportunities for the company [3]