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Archer tanks 12% after air taxi maker sells additional 85 million shares, buys LA-area airport
cnbc.com/2025/11/07/archer-achr-stock-evtol-hawthorne.html
Archer Aviation's stock plummeted 12% after a share sale overshadowed a narrower-than-expected third-quarter loss.
The company posted a net loss $129.9 million, narrower than the FactSet estimate of a $178.6 million loss.
However, Archer disclosed a $650 million stock offering for 81.25…
This story appeared on cnbc.com, 2025-11-07 15:27:24.