Hovnanian Enterprises Inc. (HOV) chairman and founder Kevork Hovnanian, in a filing with the Securities and Exchange Commission, disclosed on Monday that he purchased 220 thousand shares of Hovnanian Enterprises on July 3 for $5.10 to $5.28 apiece.
Insiders have to file with the Securities and Exchange Commission Form 4s to report purchase or sale of shares in their companies. Open market transactions must be reported within two business days of the deal.
In Tuesday's regular trading shares of the Red Bank, New Jersey-based homebuilder rose $1.00 or 21.55% and closed $5.65. In extended trading HOV rose further $0.21 or 3.72% and traded at $5.85. The stock has traded between $4.25 and $19.20 during the past year.
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