New insider activity at New Horizon Aircraft ( (HOVR) ) has taken place on July 15, 2025.
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Stewart Murray Lee, the Head of People & Strategy at New Horizon Aircraft, has recently sold 50,000 shares of the company’s stock. This transaction was valued at $89,000.
Recent Updates on HOVR stock
New Horizon Aircraft (HOVR) has recently made significant strides in its business operations, impacting its stock performance. The company announced a strategic collaboration with ZeroAvia to develop regional hydrogen-electric VTOL air travel, aiming to integrate ZeroAvia’s ZA600 hydrogen-electric powertrain into Horizon’s Cavorite X7 eVTOL. This partnership is expected to accelerate research into zero-emission infrastructure and certification. Additionally, New Horizon Aircraft increased its share offering by $16.5 million under its Capital on Demand™ Sales Agreement, a move to strengthen its financial resources. The company also regained compliance with Nasdaq’s minimum bid requirement, ensuring its continued listing, which could positively influence investor confidence. These developments, along with a strategic design collaboration with Andrea Mocellin to enhance the Cavorite X7, are pivotal in advancing Horizon Aircraft’s hybrid eVTOL technology and market position.
More about New Horizon Aircraft
YTD Price Performance: 45.87%
Average Trading Volume: 1,731,383
Technical Sentiment Signal: Buy
Current Market Cap: $57.25M