New York, June 11, 2026, 13:16 (EDT)
• ACHR was up about 0.5% at $5.08 in early afternoon, off a session low of $4.93.
• ARK Invest offloaded over 2.2 million Archer shares from three ETFs earlier this week.
• Investors are looking at Archer’s FAA progress and $1.8 billion in liquidity, up against a big adjusted EBITDA loss pegged for Q2.
Archer Aviation Inc. (ACHR) shares inched up Thursday, with traders looking to steady the stock after a two-session drop. The move followed more selling by Cathie Wood’s ARK Invest and a pullback across electric air-taxi stocks. Archer, which trades on the NYSE, was last at $5.075, up 2.5 cents, or about 0.5%. Volume topped 21.5 million shares. Market cap sits near $3.89 billion.
The drop Thursday was smaller than earlier losses this week. Archer ended Monday at $5.73, then slid 7.16% Tuesday and dropped 5.08% on Wednesday. The shares are now trading near their 52-week low of $4.80.
ARK’s latest move in Archer came as the firm sold shares across its funds. Investor’s Business Daily said ARK unloaded 2,222,392 Archer shares for around $12.72 million. Benzinga broke down the sale by fund: 953,336 shares from ARKK, 866,604 from ARKQ, and 402,452 from ARKX. That puts the total value at about $12.7 million using Archer’s Monday close of $5.73.
The sale got notice because Archer is a big name in the eVTOL space, where investors keep pushing for more clarity on certification, timelines and actual revenues. In a report Wednesday, Barchart said ARK has been cutting its stake in eVTOL stocks and said Archer, while better-funded than some rivals, still faces pressure.
Archer’s last big operating update was in May, with first-quarter numbers. The company logged $1.6 million in revenue and reported a net loss of $217.7 million. Adjusted EBITDA loss was $172.5 million for the quarter. Archer ended the period with $1.7759 billion in cash, cash equivalents and short-term investments. For the second quarter, Archer said it expects an adjusted EBITDA loss of $170 million to $200 million.
The main bull argument is still tied to certification and initial operations. Archer said it became the first eVTOL company to complete Phase 3 of the FAA’s four-phase type-certification process and was already progressing on Phase 4. The company is running piloted VTOL and CTOL flights with more aircraft almost daily. Founder and CEO Adam Goldstein said in May that Archer had made “tremendous progress towards beginning operations in the US later this year.” Archer Aviation
Federal support for trial operations is still a big part of the picture. Back in March, the U.S. Department of Transportation and FAA named eight projects for the Advanced Air Mobility and eVTOL Integration Pilot Program. Archer is down as a partner on projects in New York/New Jersey, Texas, and Florida. The agencies said the public should start seeing operations as part of the program by summer 2026.
eVTOL stocks drew attention on sector news. Investor’s Business Daily reported that shares of Archer, Vertical Aerospace, and Joby Aviation were lower in Tuesday’s session. Vertical also said its new full-scale prototype made a first piloted flight after getting a fresh UK Civil Aviation Authority permit.
Analysts are still backing Archer, but targets are coming down. Barchart said Canaccord Genuity’s Austin Moeller kept his Buy on the stock but cut his price target to $12 instead of $13, saying near-term headwinds haven’t shaken his longer-term outlook.
ACHR still trades more like a volatile pre-commercial aviation stock than a standard aerospace play. At just under $5, the focus is on three big points: Will FAA and eIPP milestones come through on time, can test operations start to bring in revenue, and does Archer have enough cash to keep going without squeezing shareholders further?
