In a filing, Hovnanian Enterprises, Inc revealed its Director Sellers Robin Stone unloaded Company’s shares for reported $49517.0 on Dec 09 ’24. In the deal valued at $170.75 per share,290 shares were sold. As a result of this transaction, Sellers Robin Stone now holds 20,743 shares worth roughly $2.89 million.
Then, Sellers Robin Stone sold 241 shares, generating $40,802 in total proceeds. Upon selling the shares at $169.30, the Director now owns 20,502 shares.
Before that, Sellers Robin Stone bought 241 shares. Hovnanian Enterprises, Inc shares valued at $40,802 were divested by the Director at a price of $169.30 per share.
Wedbush initiated its Hovnanian Enterprises, Inc [HOV] rating to a Neutral in a research note published on December 16, 2024; the price target was $155. A number of analysts have revised their coverage, including Buckingham Research’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. JMP Securities also remained covering HOV and has increased its forecast on October 09, 2018 with a “Mkt perform” recommendation from previously “Mkt underperform” rating. MKM Partners revised its rating on December 22, 2017. It rated HOV as “a Sell” which previously was an “a Neutral”.
Price Performance Review of HOV
On Friday, Hovnanian Enterprises, Inc [NYSE:HOV] saw its stock fall -0.88% to $139.32. Over the last five days, the stock has gained 18.45%. Hovnanian Enterprises, Inc shares have risen nearly 4.11% since the year began. Nevertheless, the stocks have fallen -7.81% over the past one year. While a 52-week high of $240.34 was reached on 01/17/25, a 52-week low of $115.90 was recorded on 01/13/25. SMA at 50 days reached $158.21, while 200 days put it at $170.50.
Levels Of Support And Resistance For HOV Stock
The 24-hour chart illustrates a support level at 135.46, which if violated will result in even more drops to 131.59. On the upside, there is a resistance level at 145.06. A further resistance level may holdings at 150.79. The Relative Strength Index (RSI) on the 14-day chart is 48.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.51%. Stochastics %K at 87.71% indicates the stock is a selling.
How much short interest is there in Hovnanian Enterprises, Inc?
A steep rise in short interest was recorded in Hovnanian Enterprises, Inc stocks on 2024-11-15, dropping by 10794.0 shares to a total of 0.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.23 million shares. There was a decline of -5.01%, which implies that there is a negative sentiment for the stock.
