Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hovnanian Enterprises, Inc shares valued at $49,517 were sold by Sellers Robin Stone on Dec 09 ’24. At $170.75 per share, Sellers Robin Stone sold 290 shares. The insider’s holdings dropped to 20,743 shares worth approximately $2.57 million following the completion of this transaction.
Also, Sellers Robin Stone sold 241 shares, netting a total of over 40,802 in proceeds. Following the sale of shares at $169.30 each, the insider now holds 20,502 shares.
Before that, Sellers Robin Stone had added 241 shares to its account. In a trade valued at $40,802, the Director bought Hovnanian Enterprises, Inc shares for $169.30 each.
As published in their initiating research note from Wedbush on December 16, 2024, Hovnanian Enterprises, Inc [HOV] has been a Neutral and the price target has been revised to $155. Analysts at Buckingham Research started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of October 09, 2018, JMP Securities has increased its “Mkt underperform” rating to a “Mkt perform” for HOV. Earlier on December 22, 2017, MKM Partners downgraded its rating. Their new recommendation was “a Sell” for HOV stock which previously was a “a Neutral”.
Analyzing HOV Stock Performance
During the last five days, there has been a drop of approximately -7.57%. Over the course of the year, Hovnanian Enterprises, Inc shares have dropped approximately -7.57%. Shares of the company reached a 52-week high of $135.98 on 01/02/25 and a 52-week low of $120.51 on 01/08/25. A 50-day SMA is recorded $163.70, while a 200-day SMA reached $171.06. Nevertheless, trading volume fell to 68034.0 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 121.10, which, if violated, would cause prices to drop to 118.51. In the upper region, resistance lies at 125.69. The next price resistance is at 127.70. RSI (Relative Strength Index) is 22.54 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.05, which suggests the price will decrease in the coming days. Percent R is at 88.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
