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 New Horizon Aircraft stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $0.82, for a total value of $83,640.00. Following 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 SEC, which is available at 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 Price Performance

Shares of NASDAQ:HOVR opened at $0.74 on Thursday. New Horizon Aircraft Ltd. has a 1-year low of $0.46 and a 1-year high of $12.14. The business’s 50 day moving average is $0.76 and its 200-day moving average is $1.35.

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.