Archer Aviation (ACHR) saw a 20% drop in stock price after announcing a $126 million acquisition of Hawthorne Airport to use as a hub for air taxi operations and AI testing. The stock traded nearly 50% below its year-to-date high, causing concern among investors. The acquisition will be funded with a $650 million equity offering, leading to dilution concerns and fears of thinner profits. Despite the drop, Cathie Wood increased her exposure to ACHR by buying over 3 million shares, showing confidence in the company’s long-term potential. Wall Street analysts remain bullish on ACHR, with a consensus rating of “Moderate Buy” and a mean target of $12.50, indicating a potential upside of 70%.

Read more at Barchart: Should You Buy the Dip in Archer Aviation Stock Today?