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Archer Aviation Stock Plummets 20% in Five Days as Trading Volume Drops to 390th Rank Amid Allegations
Generated by AI AgentAinvest Volume Radar
Friday, May 23, 2025 7:55 pm ET1min read
On May 23, 2025,
(ACHR) experienced a significant decline, with its trading volume dropping by 36.24% to 2.12 billion, ranking 390th in the day's market activity. The stock price fell by 0.09%, marking the fifth consecutive day of decline, with a total decrease of 20.38% over the past five days.Archer Aviation has been under scrutiny due to allegations of misrepresenting milestones, as reported by a short-seller. This negative attention has raised concerns about potential contagion effects on the stock's performance. The allegations suggest that the company may have overstated its achievements, leading to a loss of investor confidence and a subsequent drop in stock price.
Additionally, a report from Culper Research dated May 20 further highlighted these allegations, indicating that Archer Aviation has been misleading investors regarding its progress. This report has added to the negative sentiment surrounding the stock, contributing to its recent decline.
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