Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Share Price Passes Below 50-Day Moving Average of $18.10

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.10 and traded as low as $17.94. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $17.99, with a volume of 5,425 shares trading hands.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Performance

The company’s 50 day simple moving average is $18.10 and its two-hundred day simple moving average is $18.10.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.4766 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.91 dividend on an annualized basis and a yield of 10.60%.

Insiders Place Their Bets

In other Hovnanian Enterprises, Inc. PFD DEP1/1000A news, CEO Ara K. Hovnanian sold 1,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $157.82, for a total transaction of $157,820.00. Following the sale, the chief executive officer now owns 51,475 shares of the company’s stock, valued at approximately $8,123,784.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

for a complete listing of all our available career opportunities, please visit khov.com/careers. hovnanian enterprises, inc., founded in 1959 by kevork s. hovnanian, is headquartered in red bank, new jersey. the company is one of the nation’s largest homebuilders with operations in arizona, california, delaware, florida, georgia, illinois, maryland, new jersey, ohio, pennsylvania, south carolina, texas, virginia, washington, d.c.