Archer Aviation (ACHR) Stock: Why Top Investors Are Jumping Ship to Joby

TLDR Archer Aviation stock fell over 45% from its October peak following Q3 earnings, closing at $8.18 on November 7. The company posted a Q3 net loss of $129.9 million on zero revenue but raised $650 million in new equity, bringing total liquidity above $2 billion. Two prominent investors shifted focus to competitor Joby Aviation, [...]

The post Archer Aviation (ACHR) Stock: Why Top Investors Are Jumping Ship to Joby appeared first on Blockonomi.