Insider Selling: Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Director Sells 40,000 Shares of Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Director Jeffrey M. Thompson sold 40,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $12.65, for a total value of $506,000.00. Following the completion of the transaction, the director now owns 325,984 shares in the company, valued at $4,123,697.60. This trade represents a 10.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Unusual Machines Stock Performance

Shares of Unusual Machines stock opened at $11.69 on Wednesday. Unusual Machines, Inc. has a 52-week low of $0.98 and a 52-week high of $23.62. The company has a current ratio of 2.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16.

Institutional Trading of Unusual Machines

A hedge fund recently bought a new stake in Unusual Machines stock. Rathbones Group PLC purchased a new position in shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned approximately 0.45% of Unusual Machines as of its most recent filing with the SEC.

About Unusual Machines

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.