Cathie Wood Can't Stop Buying Archer Aviation Stock. Should You Invest While It's Still Below $5?

Cathie Wood of Ark Invest is best known for her high conviction in emerging themes, disrupting sectors such as technology or life sciences. While Wood has earned her share of media coverage, I'll admit that sometimes I find her investment takes to be somewhat far-fetched.Recently, I noticed that Ark Invest has added a significant chunk to its position in electric takeoff and landing company Archer Aviation (NYSE: ACHR). With shares of Archer trading for just $3.26 as of this writing, is Wood getting a good deal? Let's dig in and find out.In some ways, Ark's ownership of Archer stock makes a lot of sense. Wood was an early bull on Tesla, often publishing research with stock price targets for the electric vehicle (EV) maker that seemed completely disconnected from reality -- that is, until Tesla eclipsed those price ranges despite widespread skepticism from those less optimistic on the company's potential.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool