Archer Aviation -Analyst Pumps the Brakes on 2 Air Taxi Stocks

Market Reaction and Analyst Downgrades - Shares of Archer Aviation Inc (ACHR) and Joby Aviation Inc (JOBY) are declining following bearish analyst notes from JPMorgan, which downgraded ACHR to "neutral" from "overweight" and JOBY to "underweight" from "neutral" [1] - The downgrade is attributed to election-driven market shifts and broader sector dynamics, with both stocks viewed as "speculative tech beneficiaries" similar to Tesla (TSLA) and Rocket Lab (RKLB) [1] Stock Performance - Archer Aviation stock is down 10.3% at $9.40, marking a 16.3% decline over the past five sessions from its nearly four-year high of$ 11.80 on Jan 6 [2] - Joby Aviation stock is down 6.2% at $8.90, despite remaining up 8.5% year-to-date from its highest level since July 2023 at$ 10.71 on Jan 7 [2] Options Trading Activity - Both ACHR and JOBY are experiencing unusually high intraday put volume, reflecting cautious sentiment among options traders [3] - The January 10 call remains the most traded contract for JOBY, while ACHR sees fresh interest in its weekly 1/10 10-strike call, with new positions opening [3]