ACHR - Cathie Wood Buys Archer Aviation Stock
Posted: Dec 13, 2024
- Cathie Wood's ARK Invest bought more shares in Archer Aviation, a drone company
- Archer Aviation stock jumped nearly 8%, nearly doubling its value over the past month
- ARK Innovation ETF bought 4.7 million shares of Archer Aviation
- ARK Invest funds collectively acquired more than five million Archer Aviation shares
- Archer Aviation announced a partnership with Anduril Industries to develop a hybrid aircraft
- ARK Innovation ETF and ARK Autonomous Technology & Robotics ETF trimmed their Tesla holdings
- Tesla stock has rallied 71% this year
- ARK Innovation ETF sold about 50,000 Tesla shares on Wednesday
- The fund has gained 21% this year, its best-performing year since 2020
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!