We recently published a list of These 10 Stocks Were Sold Down Today, And Here’s Why. In this article, we are going to take a look at where Archer Aviation Inc. (NYSE:ACHR) stands against other stocks that were sold down today.

Ten mid-cap stocks were sold down on Monday, bucking a wider market optimism, amid the lack of catalysts to spark buying appetite, while investors continued to digest the firms’ own developments affecting their businesses.

The Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. Meanwhile, the 10 companies booked losses as high as 5 to 16 percent.

In this article, we list the names of the worst-performing stocks and detail the reasons behind their decline.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.Why Archer Aviation Inc. (ACHR) Went Down Today

A technician assembling an electric aircraft, highlighting the company's manufacturing capabilities.

Archer Aviation Inc. (NYSE:ACHR)

Archer Aviation snapped an eight-day winning streak on Monday, slashing 14.36 percent to end at $11.39 apiece as investors resorted to profit-taking to take advantage of the recent price surge.

Last week, Archer Aviation Inc. (NYSE:ACHR) surged following news that it was tapped as the official air taxi partner of the 2028 Los Angeles Summer Olympics and Paralympic Games.

During the games, Archer Aviation Inc. (NYSE:ACHR) is set to feature its fleet of electric vertical takeoff and landing (eVTOL) aircraft, including the Midnight model, which can accommodate up to four passengers.

However, the aircraft has yet to secure the green light of the US Federal Aviation Administration (FAA). Archer Aviation Inc. (NYSE:ACHR) said it expects to receive the certification by the end of the year.

Once its air taxis kick off commercial operations, users are expected to be able to hail an air taxi through an application.

Archer Aviation Inc. (NYSE:ACHR) expects to launch its Midnight model in the UAE in the next few months, for its planned launch later this year.

Overall, ACHR ranks 2nd on our list of stocks that were sold down today. While we acknowledge the potential of ACHR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ACHR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.

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