10 Stocks Drop The Most Amid Investor Caution

8. Archer Aviation Inc. (NYSE:ACHR)

Archer Aviation dropped for a second day on Monday, slashing 8.54 percent to finish at $8.35 each as investors repositioned their portfolios ahead of its earnings release on Thursday, February 27, where investors will be looking out for prospects about its business for the full year and whether or not it would beat analysts’ expectations.

For the fourth quarter of 2024, analysts expect the company to register a $0.26 loss per share.

Earlier, ACHR founder Adam Goldstein said that the company was “ready to launch” its flying taxis in Abu Dhabi this year.

ACHR was backed by automaker Stellantis and Abu Dhabi sovereign wealth fund Mubadala. It was among the first few companies to get the first commercially viable electric vertical take-off and landing (eVTOL) vehicles off the ground.