Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hovnanian Enterprises, Inc shares valued at $283,292 were sold by KANGAS EDWARD A on Oct 14 ’24. At $188.86 per share, KANGAS EDWARD A sold 1,500 shares. The insider’s holdings dropped to 13,290 shares worth approximately $2.53 million following the completion of this transaction.
Also, HOVNANIAN ARA K sold 1,229 shares, netting a total of over 241,113 in proceeds. Following the sale of shares at $196.19 each, the insider now holds 52,286 shares.
Before that, HOVNANIAN ARA K had sold 644 shares from its account. In a trade valued at $125,576, the Chairman of Bd., Pres. & CEO traded Hovnanian Enterprises, Inc shares for $194.99 each. Upon closing the transaction, the insider’s holdings decreased to 644 shares, worth approximately $8.69 million.
As published in their initiating research note from Buckingham Research on January 11, 2019, Hovnanian Enterprises, Inc [HOV] has been a Neutral. Analysts at JMP Securities upgraded the stock from ‘”a Mkt underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early October. As of December 22, 2017, MKM Partners has decreased its “Neutral” rating to a “Sell” for HOV. Earlier on January 12, 2017, JMP Securities downgraded its rating. Their new recommendation was “a Mkt underperform” for HOV stock which previously was a “a Mkt perform”.
Analyzing HOV Stock Performance
During the last five days, there has been a surge of approximately 10.80%. Over the course of the year, Hovnanian Enterprises, Inc shares have jumped approximately 22.43%. Shares of the company reached a 52-week high of $240.34 on 08/22/24 and a 52-week low of $125.63 on 04/19/24. A 50-day SMA is recorded $189.15, while a 200-day SMA reached $170.89. Nevertheless, trading volume fell to 82539.0 shares from 0.11 million shares the previous day.
Support And Resistance Levels for Hovnanian Enterprises, Inc (HOV)
According to the 24-hour chart, there is a support level at 187.79, which, if violated, would cause prices to drop to 185.07. In the upper region, resistance lies at 195.96. The next price resistance is at 201.40. RSI (Relative Strength Index) is 57.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 15.38, which suggests the price will increase in the coming days. Percent R is at 30.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
