With Archer Aviation's Share Price Down 53%, Could a Reverse Stock Split Be About to Happen?

Playing "how low can you go?" is fun at a limbo contest but not in the stock market. But that's what shares of electric vertical takeoff and landing (eVTOL) company Archer Aviation (NYSE: ACHR) have been doing over the past year. They've tumbled from a high of over $13 per share to just $6.31per share today.While that 53.5% decline isn't quite as steep as rival Joby Aviation's (NYSE: JOBY) 62.5% share price plunge, it's still one of the worst performances in the aviation industry.That kind of stock price drop has sometimes prompted companies to reverse-split their stocks. Could such a reverse split be in the cards for Archer? Here's what investors should know.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool