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Why Archer Aviation Stock Fell Today

TheMotleyFool

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Shares of Archer Aviation (NYSE: ACHR) descended on Friday after the electric aircraft developer announced a share sale to fund the purchase of Hawthorne Airport in Los Angeles, California.

By the close of trading, Archer's stock price was down more than 7% after sinking as much as 19% earlier in the day.

Archer Aviation's Midnight eVTOL aircraft. Image source: Archer Aviation.

Source Fool.com