Why Archer Aviation Stock Sank 10.8% Last Month and Has Kept Falling in September

Archer Aviation (NYSE: ACHR) stock got hit with a substantial pullback in August. The electric vertical takeoff and landing (eVTOL) company's share price sank 10.8% in the period, according to data from S&P Global Market Intelligence. The valuation decline came even as the S&P 500 managed to climb 1.9% and the Nasdaq Composite rose 1.6%.Archer Aviation's valuation headed lower last month in response to the company's second-quarter report and a handful of other catalysts. Sell-offs for the stock have continued in September's trading.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool