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-0.00115702479338846 0 -0.00472255017709553 0.00118063754427388 0.0106257378984652 0.0106257378984652 0.0106257378984652 0.0106257378984652
Stock impact report

Archer Aviation Is Sinking Today -- Is It Time to Buy the Stock? [Yahoo! Finance]

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Yahoo! Finance
The flying taxi specialist's share price was down 9.1% at 3 p.m. ET. Archer Aviation published a filing with the Securities and Exchange Commission ( SEC ) today detailing plans to sell up to $70 million in new stock. The creation and sale of new stock will mean that previously existing shares will equal a smaller ownership position in the company -- a dynamic known as share dilution . In response, investors are selling the stock today. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Archer Aviation is an early mover in the emerging flying taxi market, and its business is still in a pre-revenue state. It's also posting substantial losses each quarter. Last quarter, Archer posted a net loss of $115.3 million and closed out the quarter with cash and equivalents worth $501.7 million. If the business were to continue to use cash at that rate, it would be able to operate for a little over a year. While investors understa Show less Read more
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