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 New Horizon Aircraft stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $0.76, for a total transaction of $15,960.00. Following the sale, 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 stock are required to disclose their sales and purchases with the SEC.

New Horizon Aircraft Stock Performance

HOVR opened at $0.56 on Friday. The stock’s fifty day moving average is $0.76 and its two-hundred day moving average is $1.34. New Horizon Aircraft Ltd. has a 52 week low of $0.41 and a 52 week 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.