Reverse Stock-Split Watch: Archer Aviation at $4 and Joby Aviation at $5. Here's Which One Gets There First -- and What History Says Happens After.
Shares of Archer Aviation (NYSE: ACHR) have fallen 48.5% so far in 2026, closing at $3.87 on Nov. 5. Joby Aviation (NYSE: JOBY) shares are down by 59.6% over the same period, closing at $5.30. Despite the steep decline in share prices, neither company is close to needing a reverse stock split to meet the New York Stock Exchange (NYSE) listing requirements. The NYSE generally notifies companies of noncompliance when their average closing share price falls below $1 over 30 consecutive trading sessions. Image source: Getty Images Continue reading