Insider Selling: New Horizon Aircraft Ltd. (NASDAQ:HOVR) Major Shareholder Sells $83,640.00 in Stock

New Horizon Aircraft Ltd. (NASDAQ:HOVR) major shareholder Dustin M. Shindo sold 102,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $0.82, for a total transaction of $83,640.00. Following the completion of the sale, the insider now directly owns 1,537,563 shares in the company, valued at approximately $1,260,801.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

New Horizon Aircraft Stock Performance

NASDAQ HOVR opened at $0.56 on Friday. New Horizon Aircraft Ltd. has a 52 week low of $0.41 and a 52 week high of $12.14. The firm has a 50 day moving average of $0.76 and a two-hundred day moving average of $1.34.

New Horizon Aircraft Company Profile

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically.