Archer Aviation (ACHR) Falls Hard as Exec Sells Off Entire Stake

Archer Aviation Inc. (NYSE:ACHR) is one of 10 Stocks that Fell Off the Cliff.

Archer Aviation saw its share prices decrease by 8.94 percent to close at $9.88 apiece as investor sentiment was dampened by an executive’s disposition of worth $1 million shares in the company.

According to a regulatory filing, Archer Aviation Inc. (NYSE:ACHR) General Counsel Eric Lentell sold more than 95,000 ACHR shares at a price of $10.6 for a total of $1.01 million.

While it said that the sale was executed under a Rule 10b5-1 trading plan, investors took the news in negative light, especially as the total value represented Lentell’s entire stake in the aviation firm.

In other news, Archer Aviation Inc. (NYSE:ACHR) partnered with JetEx for an infrastructure development for air taxis in the United Arab Emirates.

Under the partnership, the two companies plan to enhance Jetex’s strategically located fixed base operator (FBOs) locations to better suit Archer’s Midnight aircraft.

Archer Aviation (ACHR) Falls Hard as Exec Sells Off Entire Stake

A technician assembling an electric aircraft, highlighting the company’s manufacturing capabilities.

Archer plans to work with Jetex to design the passenger experience and integrate eVTOL aircraft into daily operations. The upgrades will be paired with Jetex’s luxury service standards to deliver an efficient, tech-enabled customer journey.

While we acknowledge the potential of ACHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.