Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. New Horizon Aircraft Ltd shares valued at $83,640 were sold by Shindo Dustin M on Sep 18 ’24. At $0.82 per share, Shindo Dustin M sold 102,000 shares. The insider’s holdings dropped to 1,537,563 shares worth approximately $1.23 million following the completion of this transaction.
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Also, Shindo Dustin M sold 48,079 shares, netting a total of over 36,540 in proceeds. Following the sale of shares at $0.76 each, the insider now holds 1,654,563 shares.
Before that, Shindo Dustin M had sold 21,000 shares from its account. In a trade valued at $15,960, the 10% Owner traded New Horizon Aircraft Ltd shares for $0.76 each. Upon closing the transaction, the insider’s holdings decreased to 21,000 shares, worth approximately $1.36 million.
Analyzing HOVR Stock Performance
During the last five days, there has been a surge of approximately 53.26%. Over the course of the year, New Horizon Aircraft Ltd shares have dropped approximately -90.38%. Shares of the company reached a 52-week high of $12.1445 on 01/04/24 and a 52-week low of $0.2400 on 10/03/24. A 50-day SMA is recorded $0.4025, while a 200-day SMA reached $1.1015.
Support And Resistance Levels for New Horizon Aircraft Ltd (HOVR)
According to the 24-hour chart, there is a support level at 0.7360, which, if violated, would cause prices to drop to 0.6720. In the upper region, resistance lies at 0.8620. The next price resistance is at 0.9240. RSI (Relative Strength Index) is 75.36 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.2336, which suggests the price will decrease in the coming days. Percent R is at 16.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
