Insider Selling: New Horizon Aircraft Ltd. (NASDAQ:HOVR) Major Shareholder Sells 102,000 Shares of Stock

New Horizon Aircraft Ltd. (NASDAQ:HOVR) major shareholder Dustin M. Shindo sold 102,000 shares of the 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 transaction, the insider now owns 1,537,563 shares in the company, valued at $1,260,801.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

New Horizon Aircraft Stock Performance

Shares of NASDAQ:HOVR opened at $0.56 on Friday. The firm has a 50 day simple moving average of $0.76 and a 200-day simple moving average of $1.34. New Horizon Aircraft Ltd. has a twelve month low of $0.41 and a twelve month high of $12.14.

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.