Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Director Sells $506,000.00 in Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Director Jeffrey M. Thompson sold 40,000 shares of the 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Unusual Machines Stock Performance

NYSEAMERICAN:UMAC traded down $3.38 during mid-day trading on Tuesday, reaching $11.69. 10,858,459 shares of the company’s stock traded hands, compared to its average volume of 935,714. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 2.24. Unusual Machines, Inc. has a 12-month low of $0.98 and a 12-month high of $23.62.

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 Unusual Machines, Inc. (NYSEAMERICAN:UMAC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned about 0.45% of Unusual Machines as of its most recent SEC filing.

Unusual Machines Company Profile

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.