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Archer Aviation's stock dropped after JPMorgan's downgrade, but gained investor support.
Archer Aviation's stock fell 3.4%, closing at $7.18, after JPMorgan downgraded it to "neutral."
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.
Archer has a market cap of $3.82 billion and a price-to-earnings ratio of -5.33.
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Las acciones de Archer Aviation cayeron después de la bajada de JPMorgan, pero ganaron apoyo del inversor.