Archer Aviation Is Sinking Today -- Is It Time to Buy the Stock?

Archer Aviation (NYSE: ACHR) stock is losing ground in Wednesday's trading after the company revealed that it plans to sell more stock. 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.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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool