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 business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $0.82, for a total value 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 legal filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

New Horizon Aircraft Stock Down 7.4 %

Shares of HOVR stock opened at $0.74 on Thursday. The stock’s fifty day simple moving average is $0.76 and its 200 day simple moving average is $1.35. New Horizon Aircraft Ltd. has a one year low of $0.46 and a one year 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.