Archer Aviation Inc. (ACHR) shares are experiencing a decline today, potentially influenced by broader concerns in the eVTOL (electric vertical takeoff and landing) industry. Recent news of Volocopter, a prominent player in the eVTOL space, filing for insolvency has cast a shadow over the sector. Volocopter's financial struggles highlight the challenges faced by companies in this emerging market, including high R&D costs and market uncertainties. This development may have sparked investor apprehension about the viability and financial health of other eVTOL companies, including Archer Aviation.
The current price of Archer Aviation Inc. is $9.47, reflecting a decrease of 2.87% from its previous close of $9.75. The stock opened at $9.92 and has seen a decline of 4.54% from the opening price.