Hovnanian Burns Down The House (HOV)

Posted in pre-market 
September 3rd, 2009

Hovnanian Enterprises Inc. (NYSE: HOV) is showing that maybe all those ‘great home sales figures’ are either not so great or are not sustainable.  The homebuilder posted a wider loss than expected and shares are down almost 10% on the news.  This was one of the most active stocks last night and as of 8:23 AM EST there have been over 175,000 shares that traded and the last print was down 10.7% at $4.15. -JON OGG

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