Why Archer Aviation Lagged the Market on Wednesday

Archer Aviation (NYSE: ACHR) struggled to lift off on the stock market Wednesday. The company's shares only gained 0.1% that trading session, as investors processed the potential pros and cons of the company's latest acquisition. That performance trailed the S&P 500 (SNPINDEX: ^GSPC), which inched up slightly higher by 0.4%.Archer, a next-generation industrial company in the business of developing electric vertical takeoff and landing (eVTOL) aircraft, revealed that morning that it won a patent portfolio held by peer Lilium in an auction. Its winning bid was 18 million euros ($20.8 million). Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool