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Stock impact report

Cathie Wood Can't Stop Buying Archer Aviation Stock. Should You Invest While It's Still Below $5? [Yahoo! Finance]

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Yahoo! Finance
While Wood has earned her share of media coverage, I'll admit that sometimes I find her investment takes to be somewhat far-fetched. Recently, I noticed that Ark Invest has added a significant chunk to its position in electric takeoff and landing company Archer Aviatio n (NYSE: ACHR) . With shares of Archer trading for just $3.26 as of this writing, is Wood getting a good deal? Let's dig in and find out. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » In some ways, Ark's ownership of Archer stock makes a lot of sense. Wood was an early bull on Tesla , often publishing research with stock price targets for the electric vehicle (EV) maker that seemed completely disconnected from reality -- that is, until Tesla eclipsed those price ranges despite widespread skepticism from those less optimistic on the company's potential. To me, Archer represents a different form of exposure to the broader EV sector -- one that's tangent Show less Read more
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