Dustin M. Shindo Sells 21,000 Shares of New Horizon Aircraft Ltd. (NASDAQ:HOVR) Stock

New Horizon Aircraft Ltd. (NASDAQ:HOVR - Get Free Report) major shareholder Dustin M. Shindo sold 21,000 shares of New Horizon Aircraft 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 transaction, the insider now directly owns 1,702,642 shares in the company, valued at approximately $1,294,007.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

New Horizon Aircraft Trading Down 24.4 %

NASDAQ:HOVR opened at $0.56 on Friday. New Horizon Aircraft Ltd. has a 1-year low of $0.41 and a 1-year high of $12.14. The firm's fifty day moving average price is $0.76 and its 200 day moving average price is $1.34.

New Horizon Aircraft Company Profile

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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.

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