Cathie Wood Just Bought $16 Million of 2 Beaten-Down Aviation Stocks

Cathie Wood's ARK Invest put fresh money into two electric-aircraft developers Tuesday, purchasing more than $16 million of shares in Archer Aviation NYSE:ACHR and Joby Aviation NYSE:JOBY.The funds acquired 2,566,731 Archer shares valued at about $11.9 million and 753,330 Joby shares worth roughly…