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Archer Aviation Stock Drops 9% Amid General Counsel's $1M Insider Sale
ByAinvest
Friday, Jul 4, 2025 6:27 am ET1min read
Archer Aviation (ACHR) shares fell 8.94% after General Counsel Eric Lentell sold $1 million worth of stock. The sale was made under a pre-arranged trading plan for tax and estate planning purposes. Despite the sale, the company has raised $850 million, bringing its total liquidity to $2 billion, and is working towards piloted flight testing and regulatory certification.
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