Archer Aviation Stock Is Plummeting Today -- Is It Time to Buy?

Archer Aviation (NYSE: ACHR) stock is seeing a big pullback in Monday's trading. The company's share price was down 11% as of 3:45 p.m. ET despite the S&P 500 being up 0.2% and the Nasdaq Composite being up 0.4% at the same point in the day's trading.Archer Aviation's valuation is being pressured by a pair of bearish catalysts today. The electric vertical takeoff and landing (eVTOL) aircraft specialist went public through a merger with a special purpose acquisition company (SPAC) in 2021, but some investors are pursuing legal claims that the merger's architects made incorrect claims about the launch timeline for one of Archer's prototypes.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool