Hovnanian Enterprises Inc (NYSE:HOV) : Traders are bullish on Hovnanian Enterprises Inc (NYSE:HOV) as it has outperformed the S&P 500 by a wide margin of 1.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.04%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.34% in the last 1 week, and is up 2.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -30.56% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $2.54 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $1.70 and the 200 Day Moving Average price is recorded at $1.61.
The stock has recorded a 20-day Moving Average of 5.52% and the 50-Day Moving Average is 4.49%.
Hovnanian Enterprises Inc (NYSE:HOV): stock turned positive on Friday. Though the stock opened at $1.73, the bulls momentum made the stock top out at $1.785 level for the day. The stock recorded a low of $1.721 and closed the trading day at $1.75, in the green by 1.74%. The total traded volume for the day was 2,083,544. The stock had closed at $1.72 in the previous days trading.
In an insider trading activity, Pagano Vincent Jr, director of Hovnanian Enterprises Inc, had purchased 14,535 shares on April 14, 2016. The total value of the transaction was $25,291. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Hovnanian Enterprises, Inc. (Hovnanian) design, construct, market, and sell single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes in planned residential developments. The Company consists of two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast, including New Jersey and Pennsylvania; Mid-Atlantic, including Delaware, Maryland, Virginia, West Virginia, and Washington, D.C; Midwest, including Illinois, Minnesota and Ohio; Southeast, including Florida, Georgia, North Carolina and South Carolina; Southwest, including Arizona and Texas, and West, including California. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. During fiscal year ended October 31, 2013 (fiscal 2013), the Company had delivered 5,266 homes.