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Article Bezinga News

Cathie Wood Sells $12.7 Million Worth Of Archer Aviation Stock, Ark Invest Picks Up DoorDash And Pony AI Amid Robotaxi Push

Bezinga News June 9, 2026 · 2:48 am Read Original
Optimistic 27.5
−100 Bearish 0 +100 Bullish

On Monday, Cathie Wood-led Ark Invest made significant trading decisions involving Archer Aviation Inc (NYSE:ACHR), DoorDash Inc (NASDAQ:DASH), and Pony AI Inc (NASDAQ:PONY).
The Archer Aviation Trade
Ark Invest executed a substantial sell-off of Archer Aviation Inc shares across its ETFs. The ARK Innovation ETF (BATS:ARKK) fund sold 953,336 shares, while ARK Autonomous Technology & Robotics ETF (BATS: ARKQ) and ARK Space & Defense Innovation ETF (BATS:ARKX) sold 866,604 and 402,452 shares, respectively. Archer’s stock closed at $5.73 on Monday, valuing the total shares sold at approximately $12.7 million.
Archer Aviation reported first-quarter results recently that beat expectations, as investors remained focused on its ongoing cash burn and projected second-quarter adjusted EBITDA loss

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Article Info
Source Bezinga News
Published Jun 9, 2026 · 2:48 am
Article ID i3qyfci
Original URL Open source
Sentiment Signal
Optimistic 27.5
−100Neutral+100
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