New Horizon Aircraft Ltd. (NASDAQ:HOVR) Major Shareholder Sells $15,960.00 in Stock

New Horizon Aircraft Ltd. (NASDAQ:HOVR) major shareholder Dustin M. Shindo sold 21,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was 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 in the company, valued at approximately $1,294,007.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Trading Down 7.4 %

NASDAQ HOVR opened at $0.74 on Thursday. The firm has a 50-day simple moving average of $0.76 and a 200 day simple moving average of $1.35. New Horizon Aircraft Ltd. has a twelve month low of $0.46 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.