Insider Selling: New Horizon Aircraft Ltd. (NASDAQ:HOVR) Major Shareholder Sells 21,000 Shares of Stock

New Horizon Aircraft Ltd. (NASDAQ:HOVR) major shareholder Dustin M. Shindo sold 21,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $0.76, for a total value of $15,960.00. Following the completion of the transaction, the insider now owns 1,702,642 shares of the company’s stock, valued at approximately $1,294,007.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

New Horizon Aircraft Trading Down 7.4 %

Shares of NASDAQ HOVR opened at $0.74 on Thursday. New Horizon Aircraft Ltd. has a 12 month low of $0.46 and a 12 month high of $12.14. The stock has a 50 day moving average of $0.76 and a 200-day moving average of $1.35.

About New Horizon Aircraft

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.