5 Best Aerospace Stocks To Buy On Sale

3. Archer Aviation Inc. (NYSE:ACHR)

Number of Hedge Fund Holders: 22 

Decline in Share Price Over Past Month as of January 23: 17.8% 

Archer Aviation Inc. (NYSE:ACHR) operates as an urban air mobility company that designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. At the end of the third quarter of 2023, 22 hedge funds in the database of Insider Monkey held stakes worth $150 million in Archer Aviation Inc. (NYSE:ACHR), compared to 17 the preceding quarter worth $57 million.