ARK Investment Management Adds $11M in Archer Aviation Inc. ($ACHR)
Key Points
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ARK Investment Management increased its position in Archer Aviation Inc. ($ACHR) by 6.44% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,437,062 shares of Archer Aviation Inc. after buying 2,266,361 shares during the quarter. ARK Investment Management's holdings in Archer Aviation Inc. were worth $177.26 million as of its most recent filing.
Archer Aviation Inc. Stock Down 17.7%
Shares of Archer Aviation Inc. ($ACHR) traded around $4.74 on Saturday, down 17.7% for the day.
Archer Aviation Inc. Earnings
Analysts Set New Price Targets
About Archer Aviation Inc.
Archer Aviation Inc., together with its subsidiaries, designs and develops aircraft and related technologies and services for commercial and defense sectors in the United States and internationally. The company offers electric vertical takeoff and landing (eVTOL) aircraft for urban air taxi operations. Archer Aviation Inc. is based in San Jose, California.
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