Cathie Wood Just Bought 3,433,807 Shares of Archer Aviation Stock. Does She Know Something Wall Street Doesn't?

In recent years, some growth investors have taken a keen interest in electric vertical take-off and landing (eVTOL) aircraft stocks. One of the favorites among retail and institutional investors alike is Archer Aviation (NYSE: ACHR), whose electric air taxis are promising to revolutionize the mobility industry.Archer is currently the 11th-largest position across Ark Invest's portfolio, which is managed by popular tech investor Cathie Wood. On June 13, shares of Archer plummeted by 14%. Despite such a precipitous drop, Wood flew in and scooped up 3,433,807 shares across her exchange-traded funds (ETF).Does Wood know something Wall Street doesn't about Archer?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool