Cathie Wood is the head of money management firm Ark Invest and is best known on Wall Street for her bullish stances on emerging technologies in artificial intelligence (AI) and genomics. One of Wood's higher-conviction investment themes resides in the electric vehicle (EV) industry.
Archer Aviation (ACHR 15.14%) stock posted explosive gains in Tuesday's trading, which saw the market close at 1 p.m. for the Christmas Eve holiday.
The last couple of years have been a roller-coaster ride for investors. Back in 2022, inflation reached abnormally high levels, which caused the Federal Reserve to pursue an aggressive interest-rate hike strategy.
Archer Aviation (ACHR 12.71%) stock posted big gains over the last week of trading. The flying electric vehicle (EV) specialist's share price closed out the week's trading up 10%, according to data from S&P Global Market Intelligence.
The urban air mobility revolution is approaching faster than many realize. Electric vertical takeoff and landing (eVTOL) aircraft -- essentially next-generation helicopters powered by batteries instead of jet fuel -- represent a transformative leap in urban transportation.
Ark Invest CEO Cathie Wood is known for making moonshot bets. While most money managers balance their portfolios with a healthy mix of blue chip, growth, and even some speculative stocks, Wood tends to build positions in riskier opportunities.
Forget a wild year, it's been a wild couple months in the stock market. As we look to close out 2024, stocks that have been seen as potential beneficiaries of Donald Trump's recent presidential election win have outperformed.
Welcome to the Green Stock News brief for Thursday, December 19th. Here are today's top headlines: Archer Aviation (NYSE: ACHR) has received the certificate of occupancy for its manufacturing facility in Georgia, built in partnership with Stellantis, and aims to begin producing its Midnight eVTOL aircraft in early 2025.
Archer Aviation (ACHR -1.54%) has captured the imagination of investors recently as the company has inched closer to commercial launch. But what should we expect in the next year?
Archer Aviation (ACHR -1.54%) stock lost ground in today's trading despite surging earlier in the session. After having been up as much as 16.4%, the electric flying-taxi company's share price ended the daily session down 1.5%.
Archer Aviation (ACHR 3.63%) stock is making big gains in Wednesday's trading. The flying taxi company's share price was up 8.4% as of 3 p.m.
In the final weeks of 2024, so-called electric vertical takeoff and landing (eVTOL) companies like Archer Aviation Inc. NYSE: ACHR have dominated the headlines. Archer and some of its rivals are racing to bring to market an affordable, convenient lineup of air mobility products.