ACHR Earnings Turbulence: Shares Fall on Equity Raise, LA Airport Deal
Schwab Network · Schwab Network
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Show Notes
Archer Aviation (ACHR) narrowed losses on earnings, though Sam Vadas points to other announcements causing the stock to sell off Friday. A combination of an equity raise and a $126 million deal to buy Los Angeles' Hawthorne Airport caused concern for shareholders. Sam notes traction the company is making elsewhere, including offering air taxi services during the 2028 Los Angeles Summer Olympics.
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