Hovnanian Shares Surge After Chairman Buys Stock


Hovnanian Shares Surge After Chairman Buys Stock

New York, NY, July 9, 2008–Shares of home builder Hovnanian Enterprises Inc. gained more than 20 percent Tuesday after the company’s chairman reported in a regulatory filing that he recently bought 220,000 shares of common stock.

Kevork Hovnanian, in a filing with the Securities and Exchange Commission dated July 7, disclosed he bought 220,000 shares.

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