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

New Horizon Aircraft Ltd. (NASDAQ:HOVR) major shareholder Dustin M. Shindo sold 21,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 1,702,642 shares in the company, valued at $1,294,007.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

New Horizon Aircraft Price Performance

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 stock’s 50 day simple moving average is $0.76 and its two-hundred day simple moving average is $1.34.

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.