New Horizon Aircraft Shares Sold by Insider Amid 196% Year-Over-Year Growth

New Horizon Aircraft Ltd. (HOVR) shares soared 196% in the last 12 months. On July 10, 2025, Stewart Murray Lee, Head of People & Strategy, sold 50,000 shares, representing 16.8% of his holdings. The company is developing hybrid electric vertical takeoff and landing aircraft, with a focus on the Cavorite X7 for regional air mobility. Despite Lee's sale, the stock has shown significant growth and potential in the emerging advanced air mobility sector.

New Horizon Aircraft Ltd. (HOVR), an advanced aerospace engineering company, has seen its shares surge 196% over the past 12 months. This significant growth has been driven by several strategic partnerships and technological advancements in the development of hybrid electric vertical takeoff and landing (eVTOL) aircraft, particularly the Cavorite X7.

On July 10, 2025, Stewart Murray Lee, the Head of People & Strategy, executed an open market sale of 50,000 shares of New Horizon Aircraft Ltd. (HOVR), representing approximately 16.8% of his holdings. This transaction, disclosed in a Form 4 filing dated July 15, 2025, resulted in a post-transaction value of $387,180, with a transaction value of $89,050 [2]. Despite the insider's sale, the stock has continued to perform strongly, reflecting the company's robust growth and potential in the emerging advanced air mobility sector.

New Horizon Aircraft Ltd. develops hybrid electric eVTOL aircraft for regional air mobility. The company's focus on the Cavorite X7 positions it to compete in the growing eVTOL market. According to Grand View Research, the U.S. eVTOL aircraft market is expected to grow at a compound annual growth rate of 53% from 2024 to 2030 [1]. The Cavorite X7, a 7-seater aircraft, is designed to quickly move people and goods within a region of 50 to 500 miles, making it suitable for emergency medical services, disaster relief, critical supplies to remote communities, military missions, and luxury travel.

The company's strategic partnerships, such as those with ZeroAvia and MT-Propeller, have further bolstered its position in the market. Additionally, the recent appointment of Justin Chapman, a former Rolls-Royce propulsion expert, as a senior technical advisor, underscores New Horizon Aircraft's commitment to innovation and technological leadership.

While the company faces challenges in obtaining necessary certifications and delivering its first aircraft by 2027, its strong market performance and strategic initiatives suggest a promising future. Investors should closely monitor the company's progress and regulatory environment to assess its long-term potential.

References:
[1] https://www.barchart.com/stocks/quotes/HOVR
[2] https://www.nasdaq.com/articles/new-horizon-aircraft-stock-soars-196-insider-sells-50000-shares