Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 37.44% of Archer Aviation Inc (ACHR)’s shares, while financial institutions hold 34.47%.

Between Oct. 28 and Oct. 30, Ark scooped up 2.5 million shares of Archer, spread across three separate purchases. Given Archer's seemingly low stock price, it may look like Wood is buying the dip on a potentially lucrative opportunity set to disrupt the EV market.

Archer Aviation (NYSE: ACHR) is a frontrunner in the fledgling electric vertical takeoff and landing (eVTOL) aircraft sector. Archer Aviation’s stock price has soared after inking a major deal with a Japanese aviation giant and reporting solid earnings for the third quarter of fiscal year 2024.