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 firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,294,007.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

New Horizon Aircraft Price Performance

NASDAQ HOVR opened at $0.56 on Friday. The business has a fifty day moving average price of $0.76 and a 200 day moving average price of $1.34. New Horizon Aircraft Ltd. has a one year low of $0.41 and a one year high of $12.14.

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.