Cathie Wood's Archer Aviation Buy

This is a news story, published by Yahoo Finance, that relates primarily to Cathie Wood's news.

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Aviation Stock Selling

Benzinga

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Cathie Wood bought 5 million shares of Archer Aviation before the company announced a reverse stock split

Summary

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70% Informative

Cathie Wood's recent purchase of five million shares of Archer Aviation stock takes on a different meaning now that the company has announced a reverse stock split.

Archer Aviation's business model revolves around developing personal flight vehicles that serve as "air taxis" The CEO of ARK Invest has always had a reputation for making aggressive trades in the tech sector.

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semi-formal

Language

English

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Offensive language