Archer Aviation stock falls as executive sells stake, negative.

Archer Aviation Inc. (NYSE:ACHR) is one of 10 stocks that fell off the cliff, seeing an 8.94% decrease in share prices to $9.88 due to an executive selling $1 million worth of shares. The General Counsel sold over 95,000 ACHR shares at $10.6 each, with negative investor sentiment despite the sale being part of a trading plan.

In another development, Archer Aviation Inc. (NYSE:ACHR) partnered with JetEx to enhance infrastructure for air taxis in the UAE. By upgrading Jetex’s FBO locations to accommodate Archer’s Midnight aircraft, the collaboration aims to improve the passenger experience and integrate eVTOL aircraft into daily operations.

Archer Aviation plans to leverage Jetex’s luxury service standards to deliver an efficient, tech-enabled customer journey. Despite ACHR’s potential as an investment, some AI stocks offer greater returns with limited downside risk. For those seeking a cheap AI stock with significant potential, explore Insider Monkey’s report on the best short-term AI stock.

Read more at Yahoo Finance: Archer Aviation (ACHR) Falls Hard as Exec Sells Off Entire Stake