🟢 Archer Aviation Inc is trading 4.3% up today as it rebounds from ARK Invest sell-off

Archer Aviation Inc is trading 4.3% up at $5.78, staging a recovery after a sharp 13.2% decline in the previous session triggered by news that ARK Invest sold approximately $8.5 million of the company's shares.

• The stock is bouncing back from a low of $5.54 reached on June 5 following the divestment by ARK Invest across several of its ETFs.
• The upward movement aligns with a broader risk-on sentiment in U.S. equities, with the S&P 500 and Nasdaq both gaining more than 0.7%.
• Current price action suggests significant bargain-hunting from investors following the heavy selling pressure seen on Wednesday.