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flag Archer Aviation's stock dropped after JPMorgan's downgrade, but gained investor support.

flag Archer Aviation's stock fell 3.4%, closing at $7.18, after JPMorgan downgraded it to "neutral." flag Despite this, the company, focused on electric vertical takeoff and landing aircraft, saw Concorde Asset Management purchase $168,000 worth of shares, now owning 9.75% of the company. flag Archer has a market cap of $3.82 billion and a price-to-earnings ratio of -5.33.

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