We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Hovnanian (HOV) Shows Strength: Stock Moves 6.1% Higher
Hovnanian Enterprises Inc. (HOV - Free Report) was a big mover last session, as the company saw its shares rise over 6% on the day. The U.S. Commerce Department reported strong growth in last month’s single-family home sales. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend for the company since Apr 28, as the stock is now trading above the volatile price range of $1.54 to $1.70.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Hovnanian currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the construction sector is CONSORCIO ARA (CNRFF - Free Report) , carrying a Zacks Rank #2 (Buy).
Is HOV going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>