Reported 3 days ago
Cathie Wood, CEO of ARK Invest, has purchased five million shares of Archer Aviation, a company developing air taxi services, at a price under $10 each. Despite the recent announcement of a reverse stock split that caused the share price to drop to $9.75, this investment reflects her confidence in Archer's long-term potential, especially following significant partnerships and capital raises. Investors may still find an opportunity to buy as the stock dips.
Source: YAHOO