Hovnanian Enterprises (NYSE:HOV) Stock, Quote.Headers.trade-ideas

Hovnanian Enterprises

Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.

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Why XP Shares Are Trading Lower By Around 12%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Hovnanian Enterprises, Inc. Class A Common Stock

Hovnanian Enterprises Inc

Hovnanian Enterprises Inc - Depositary Share representing 1/1000th of 7.625% Series A Preferred Stock

New Horizon Aircraft Ltd. - Class A Ordinary Shares

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HOVNANIAN ENTRPRS B NEW by Hovnanian Enterprises, Inc.

As of July 24, 2024, two stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">M/I Homes Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>)</h3>
<ul>
<li>On July 24, Raymond James analyst Buck Horne initiated coverage on M/I Homes with a Strong Buy rating and announced a price target of $200. The company's stock gained around 26% over the past month and has a <a href="https://www.benzinga.com/quote/MHO">52-week high of $160.49</a>.</li>
<li>RSI Value: 78.31&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>MHO Price Action: Shares of M/I Homes gained 2.5% to close at $155.70 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Hovnanian Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>)</h3>
<ul>
<li>On June 25, Hovnanian Enterprises said Moody&#8217;s Ratings has upgraded Hovnanian&#8217;s corporate family rating to B2 from B3. The company's stock gained around 37% over the past month and <a href="https://www.benzinga.com/quote/HOV">has a 52-week high</a> of $199.50.</li>
<li>RSI Value: 72.88</li>
<li>HOV Price Action: Shares of Hovnanian rose 3.2% to close at $196.79 on Tuesday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39907046/best-buy-kroger-and-2-other-stocks-insiders-are-selling">Best Buy, Kroger And 2 Other Stocks Insiders Are Selling</a></li>
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Shares of household durable stocks are trading higher after store sales of building material and garden supplies rose 1.4% in June. Also, strength may be due to trader optimism that the Fed will cut rates.

GRBK

Shares of homebuilders and building companies are trading higher as Treasury yields drop following softer-than-expected June CPI figures.

The Nasdaq 100 closed lower by over 150 points on Thursday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Hovnanian Enterprises</h3>
<ul>
<li>The Trade: Hovnanian Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) Chairman of Bd., Pres. &amp; CEO Ara K Hovnanian <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 7,360 shares</a> at an average price of $154.27. The insider received around $1.14 million from selling those shares.</li>
<li>What's Happening: On May 22, Hovnanian Enterprises posted an increase in quarterly sales.</li>
<li>What Hovnanian Enterprises Does: Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Applied Materials</h3>
<ul>
<li>The Trade: Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) President and CEO Gary E Dickerson &lt;a href=&#8221;https://www.benzinga.com/sec/insider-trades/&#8221;&gt;&lt;em&gt; sold a total of 400,000 shares &lt;/em&gt;&lt;/a&gt; at an average price of $246.45. The insider received around $98.6 million from selling those shares.</li>
<li>What's Happening: On June 20, B. Riley Securities analyst Craig Ellis maintained Applied Materials with a Buy and raised the price target from $255 to $300.</li>
<li>What Applied Materials Does: Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world.</li>
</ul>
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) President and CEO Jen Hsun Huang <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 240,000 shares</a> at an average price of $132.90. The insider received around $31.9 million from selling those shares.</li>
<li>What's Happening: At HPE Discover 2024, Hewlett Packard Enterprise and Nvidia unveiled a powerful collaboration aimed at revolutionizing the enterprise AI landscape.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units.</li>
</ul>
<h3 class="wp-block-heading">Adobe</h3>
<ul>
<li>The Trade: Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) EVP, Gen. Counsel &amp; Secretary Dana Rao <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 6,765 shares</a> at an average price of $525.51. The insider received around $3.56 million from selling those shares.</li>
<li>What's Happening: Adobe was legally challenged by the U.S. Federal Trade Commission, which is accusing the software giant and two of its executives, Maninder Sawhney and David Wadhwani, of deceptive practices related to its subscription cancellation policies.</li>
<li>What Adobe Does: Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39410338/top-4-consumer-stocks-that-may-keep-you-up-at-night-this-month">Top 4 Consumer Stocks that May Keep You Up At Night This Month</a>

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Shares of homebuilders, construction and household durables stocks are trading higher following a softer-than-expected May CPI Report. Also, the Fed left rates unchanged.

Zelman &amp; Assoc analyst Jesse Lederman upgrades Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) from Underperform to Neutral and announces $155 price target.

Upgrades

Price Target

Analyst Ratings

Zelman & Assoc Upgrades Hovnanian Enterprises to Neutral, Announces $155 Price Target

Shares of XP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) fell sharply during Wednesday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/XP/earnings">first-quarter EPS results</a>.
XP posted quarterly earnings of 37 cents per share, missing market estimates of 40 cents per share. The company's quarterly sales came in at $818.79 million versus expectations of $784.08 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
XP shares dipped 11.5% to $18.99 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares climbed 213.3% to $0.4254 after the company reportedly floated the probability of bankruptcy after losing a lawsuit against Qorvo.</li>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) gained 119.7% to $1.1883 on continued volatility. Greenhaven last week said it continues to explore a possible transaction with the company.</li>
<li>Binah Capital Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCG#NASDAQ">BCG</a>) gained 58.7% to $4.27.</li>
<li>Siyata Mobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) jumped 56% to $3.70 after the company announced the expansion of its SD7 rollout at Baha Mar Resort.</li>
<li>BuzzFeed, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZFD#NASDAQ">BZFD</a>) shares gained 48.2% to $3.71 after Vivek Ramaswamy disclosed a 7.7% stake in the company.</li>
<li>Oblong, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) rose 36% to $0.2300.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) shares gained 27% to $0.3951 after falling over 8% on Tuesday.</li>
<li>DermTech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMTK#NASDAQ">DMTK</a>) rose 26% to $0.44.</li>
<li>IGM Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) jumped 24% to $10.44.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) gained 23% to $3.0201 following better-than-expected quarterly financial results.</li>
<li>FREYR Battery, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FREY#NYSE">FREY</a>) gained 22.8% to $2.42 after the company issued an operations update.</li>
<li>CureVac N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) jumped 20.3% to $3.9604.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) rose 20% to $3.2601. Maxeon Solar Technologies announced Nasdaq notification of non-compliance.</li>
<li>MGO Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) gained 15.6% to $1.4450. MGO Global shares jumped around 447% on Tuesday after the company posted a year-over-year increase in its first-quarter financial results.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) rose 12.8% to $0.7002.</li>
<li>LM Funding America, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMFA#NASDAQ">LMFA</a>) shares climbed 12.2% to $3.67 after jumping around 15% on Tuesday. LM Funding America, last week, posted better-than-expected first-quarter earnings.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) gained 12.1% to $21.43.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) rose 10.5% to $3.0294 after the company announced it will now offer Tesla Powerwall 3 as part of its portfolio.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) climbed 9.5% to $16.33. Shah Capital recently withdrew its proxy campaign against the re-election of directors at Novavax&#8217;s 2024 Annual Meeting.</li>
<li>Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) rose 9.2% to $17.28. Roth MKM analyst Philip Shen maintained Canadian Solar with a Buy and maintained a $25 price target.</li>
<li>Brady Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) gained 8.6% to $65.48 after the company posted upbeat quarterly earnings and raised earnings guidance for FY24.</li>
<li>VS Media Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) gained 7.7% to $0.4065 after falling over 7% on Tuesday.</li>
<li>The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) gained 6.8% to $104.32 following upbeat earnings.</li>
<li>Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) jumped 6% to $229.69 following better-than-expected second-quarter financial results.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) rose 5.6% to $151.80.</li>
<li>Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) gained 4.7% to $329.05 after the company reported first-quarter financial results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) shares fell 52.7% to $2.05 after the company announced the pricing of a $6 million public offering.</li>
<li>Oragenics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGEN#NYSE">OGEN</a>) dipped 41.1% to $1.79. Oragenics named William &#8220;Frank&#8221; Peacock MD as Chief Clinical Officer.</li>
<li>Biodexa Pharmaceuticals Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NASDAQ">BDRX</a>) fell 39% to $1.4192 after the company announced $7 million of gross proceeds from warrant exercises.</li>
<li>Hywin Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NASDAQ">HYW</a>) dipped 35.7% to $0.45.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) fell 29.3% to $0.6288.</li>
<li>Ault Alliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AULT#NYSE">AULT</a>) declined 25% to $0.3530.</li>
<li>FLJ Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLJ#NASDAQ">FLJ</a>) shares fell 24.3% to $0.8625 after jumping over 46% on Tuesday.</li>
<li>Cheetah Net Supply Chain Service Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) dipped 22% to $0.9091.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) fell 22% to $1.0801</li>
<li>MultiMetaVerse Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) fell 19.7% to $0.7350.</li>
<li>Yatsen Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YSG#NYSE">YSG</a>) shares declined 18.6% to $3.7050 following downbeat second-quarter results.</li>
<li>LifeStance Health Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFST#NASDAQ">LFST</a>) shares declined 17.4% to $6.17. LifeStance Health Group priced its secondary public offering of 20 million common shares at $6.25 per share.</li>
<li>Nanobiotix S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTX#NASDAQ">NBTX</a>) dipped 13.7% to $6.09 following first-quarter results.</li>
<li>Viasat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) fell 12.6% to $16.42 after the company reported its fourth-quarter financial results.</li>
<li>Golden Ocean Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) declined 11.7% to $13.92 following first-quarter financial results.</li>
<li>Hovnanian Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) fell 11.1% to $150.26 following second-quarter results.</li>
<li>Photronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAB#NASDAQ">PLAB</a>) declined 10.8% to $25.19 following worse-than-expected second-quarter financial results and soft third-quarter guidance.</li>
<li>IAMGOLD Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) shares fell 9.6% to $4.06 after the company announced a $300 million bought deal financing.</li>
<li>Modine Manufacturing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) shares fell 8.6% to $92.79 following mixed fourth-quarter results.</li>
<li>Hudbay Minerals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBM#NYSE">HBM</a>) shares declined 8% to $9.53 after the company announced a $300 million Bought Deal Equity Offering.</li>
<li>CAE Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAE#NYSE">CAE</a>) fell 8% to $18.25 after the company reported a year over-year decrease preliminary fourth-quarter financial results.</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) fell 7.7% to $143.78 following downbeat quarterly earnings.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) fell 7.6% to $120.28. Toll Brothers reported stronger-than-expected results for its second quarter and raised its FY24 forecast.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares declined 6.7% to $301.39 after the company announced that its Chief Product Officer resigned and the company does not intend to replace the role.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38962846/jim-cramer-this-industrial-stock-is-doing-very-well-heres-his-take-on-palantir">Jim Cramer: This Industrial Stock Is Doing &#8216;Very Well&#8217;; Here&#8217;s His Take On Palantir</a>

Why XP Shares Are Trading Lower By Around 12%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Hovnanian Enterprises shares are trading lower. The company reported Q2 financial results.

Earnings

Hovnanian Enterprises Q2 2024 EPS $6.66 Up From $4.47 YoY; Revenue $708.4M Up From $703.7M YoY

GTIS Partners ("GTIS"), a global real estate investment firm with a focus on residential and industrial/logistics investments, and Hovnanian Enterprises, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>), a leading national homebuilder, today announced that they have expanded their partnership to develop, construct and sell homes in a new joint venture of eight additional for-sale homebuilding communities. To date, the partners have invested in approximately 70 homebuilding communities through multiple joint ventures.
The eight newly added communities comprise 1,392 homes located across New Jersey, Florida, Delaware, and South Carolina. In addition to being geographically diversified, these communities are diversified by product type, consisting of townhomes, condominiums and both market-rate and active adult single-family homes.
Approximately $115 million of capital will be invested in the joint venture, with Hovnanian contributing 30% of the capital requirement and GTIS Partners providing 70%, with total build out costs projected at approximately $800 million. Hovnanian will manage the day-to-day operations of the venture.
Tom Shapiro, Founder, President and Chief Investment Officer of GTIS Partners, said, "We are very pleased to announce a further expansion of our existing relationship with Hovnanian. With this transaction we have a partnership totaling $1 billion in equity across 15 joint ventures in high-growth markets across the United States, representing approximately $6 billion in total project costs across 12,600 homebuilding units. Hovnanian has proven to be a tremendous partner and we are thrilled to continue working with such a highly-experienced homebuilder."
Ara Hovnanian, Chairman of the Board of Directors, President and Chief Executive Officer of Hovnanian Enterprises, Inc. also commented, "This addition marks the expansion to over a decade's worth of successful joint venture partnerships and a strong working relationship between our two firms across multiple business cycles. GTIS' deep industry expertise and homebuilding investment experience has made them ideal institutional partners to collaborate with to grow our homebuilding portfolio."
Ed McDowell, Partner and Head of US Acquisitions for GTIS Partners, added, "The addition to the portfolio represents a mix of product types, price points, and a unique geographic diversity across eight communities in four states, many of which are follow-on investments to communities we are already invested in with Hovnanian. This dynamic, combined with the advanced development stage of several of the communities within the portfolio – many of which are already selling and delivering homes – provides excellent visibility into current home prices, absorption, buyer demand, and construction and development costs, and reduces the risks typically associated with development to generate strong risk-adjusted return for both parties."

GTIS Partners And Hovnanian Enterprises Announce The Expansion Of Their Homebuilding Joint Venture Portfolio To $1B Of Equity To Build 12,600 Homes Valued At $6B

Zelman &amp; Assoc downgrades Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) from Neutral to Underperform.

Downgrades

Zelman & Assoc Downgrades Hovnanian Enterprises to Underperform

Shares of homebuilders and housing stocks are trading lower in sympathy with Lennar, which reported mixed Q1 financial results. Stocks are also broadly lower following a larger-than-expected PPI increase.

Guidance

Hovnanian Sees Q2 Revenues Between $675M-$775M, Adjusted Homebuilding Gross Margin Expected To Be Between 21.5% And 23.0%

Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) reported quarterly earnings of $2.91 per share. This is a 28.76 percent increase over earnings of $2.26 per share from the same period last year. The company reported $594.20 million in sales this quarter. This is a 15.30 percent increase over sales of $515.37 million the same period last year.

Hovnanian Enterprises Q1 EPS $2.91 Up From $2.26 YoY, Sales $594.20M Up From $515.37M YoY

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Shares of several companies in the broader consumer discretionary sector are trading lower after January CPI data showed a greater-than-expected rise in inflation.

U.S. stocks traded slightly lower, with the Dow Jones falling around 20 points on Tuesday.
Shares of General Motors Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) rose sharply during Tuesday&rsquo;s session after the company reported better-than-expected fourth-quarter financial results and issued 2024 adjusted EPS <a href="https://www.benzinga.com/news/earnings/24/01/36842639/general-motors-vrooms-past-q4-street-expectations-expects-us-ev-business-to-take-off-from-second-ha">guidance above estimates</a>.
General Motors reported a fourth-quarter FY23 sales decline of (0.3)% year-on-year to $42.98 billion, beating the analyst consensus estimate of $38.97 billion. Adjusted EPS of $1.24 beat the consensus estimate of $1.16.
General Motors shares climbed 7.6% to $38.06 on Tuesday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Sanmina Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sanm#NASDAQ">SANM</a>) shares gained 36.7% to $69.21 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.</li>
<li>Kura Oncology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kura#NASDAQ">KURA</a>) gained 16.1% to $21.60. Kura Oncology reported preliminary ziftomenib combination data in acute myeloid leukemia.</li>
<li>Commvault Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvlt#NASDAQ">CVLT</a>) climbed 11.6% to $91.01 following strong quarterly results.</li>
<li>Helmerich &amp; Payne, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hp#NYSE">HP</a>) gained 11.6% to $40.49 following upbeat earnings.</li>
<li>Merchants Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbin#NASDAQ">MBIN</a>) surged 9.2% to $47.96. Raymond James analyst Daniel Tamayo maintained Merchants Bancorp with a Strong Buy and raised the price target from $44 to $55.</li>
<li>MSCI Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msci#NYSE">MSCI</a>) climbed 8.4% to $597.02 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Nayax Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyax#NASDAQ">NYAX</a>) gained 8.4% to $25.15.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) climbed 8% to $8.26. Nanobiotix reported achievement of $20 million development milestone payment regarding ongoing global Phase 3 head and neck cancer study.</li>
<li>Corning Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glw#NYSE">GLW</a>) rose 8% to $33.62 following strong sales.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) gained 7% to $17.08. Rosenblatt analyst Mike Genovese initiated coverage on Applied Optoelectronics with a Buy rating and announced a price target of $23.</li>
<li>Cognyte Software Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgnt#NASDAQ">CGNT</a>) climbed 5.8% to $7.20.</li>
<li>HCA Healthcare, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hca#NYSE">HCA</a>) gained 5.4% to $302.29 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance above estimates.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) climbed 5.4% to $523.28 as the company posted upbeat results for its second quarter.</li>
<li>Celestica Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cls#NYSE">CLS</a>) rose 4.6% to $34.06 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Nucor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nue#NYSE">NUE</a>) rose 4.1% to $183.88 following upbeat earnings.</li>
<li>Hovnanian Enterprises, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hov#NYSE">HOV</a>) gained 3.3% to $179.80.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36838707/jim-cramer-says-this-is-a-very-very-expensive-stock-i-say-ka-ching-ka-ching-on-some-of-t"> Jim Cramer Says This Is A &#39;Very, Very Expensive&#39; Stock: &#39;I Say Ka-Ching Ka-Ching On Some Of That One&#39;</a>

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General Motors Posts Upbeat Earnings, Joins Corning, HCA Healthcare And Other Big Stocks Moving Higher On Tuesday

Shares of Quanex Building Products Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nx#NYSE">NX</a>) moved lower during Friday&rsquo;s session after the company reported fourth-quarter financial results.
Quanex Building Products shares fell 10.7% to $30.95 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Getaround, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/getr#NYSE">GETR</a>) shares climbed 128.3% to $0.3767 after the company reported a year-over-year increase in third-quarter financial results.</li>
<li>Battalion Oil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/batl#NYSE">BATL</a>) gained 81.4% to $9.57 after the company announced it will be acquired by Fury Resources.</li>
<li>Bruush Oral Care Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brsh#NASDAQ">BRSH</a>) shares climbed 61.7% to $0.2749 after the company and Arrive Technology announced an agreement and plan of merger.</li>
<li>Brilliant Acquisition Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brli#NASDAQ">BRLI</a>) shares gained 60.2% to $10.25.</li>
<li>Elevai Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elab#NASDAQ">ELAB</a>) gained 32.4% to $2.41.</li>
<li>NCS Multistage Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncsm#NASDAQ">NCSM</a>) rose 31.7% to $18.49. NCS Multistage Holdings said that its subsidiary has settled outstanding litigation with Boyd &amp; McWilliams.</li>
<li>iCoreConnect Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icct#NASDAQ">ICCT</a>) surged 31.6% to $1.29.</li>
<li>Verrica Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrca#NASDAQ">VRCA</a>) gained 27% to $4.7764. Verrica Pharmaceuticals&#39; development and commercialization partner Torii Pharmaceutical revealed positive top-line results from confirmatory Phase 3 trial of TO-208 for the treatment of molluscum contagiosum in Japan.</li>
<li>loanDepot, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ldi#NYSE">LDI</a>) gained 23% to $3.3134.</li>
<li>Netcapital Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncpl#NASDAQ">NCPL</a>) shares rose 21.2% to $0.42 following second-quarter results.</li>
<li>La Rosa Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrhc#NASDAQ">LRHC</a>) gained 20% to $1.8001. La Rosa Holdings acquired a 100% interest in the company&rsquo;s franchisee - La Rosa Realty CW Properties in Longwood, Florida.</li>
<li>Genius Group Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gns#NYSE">GNS</a>) rose 19% to $0.7025. Genius Group expects full year 2023 revenue in the range of $27 million-$29 million.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrpx#NASDAQ">VRPX</a>) rose 18.2% to $0.1791 after falling 35% on Thursday.</li>
<li>Near Intelligence, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nir#NASDAQ">NIR</a>) gained 16.3% to $0.0857 after gaining over 5% on Thursday.</li>
<li>Heart Test Laboratories, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hscs#NASDAQ">HSCS</a>) gained 13.8% to $0.1791 following second-quarter results.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) rose 13.1% to $38.12. ATN International Board of Directors expanded share repurchase program to $25 million and increased dividend from $0.21 to $0.24 per share.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zim#NYSE">ZIM</a>) surged 10.4% to $9.02.</li>
<li>Context Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cntx#NASDAQ">CNTX</a>) gained 9.5% to $1.03.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Chanson International Holding (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chsn#NASDAQ">CHSN</a>) fell 78% to $3.24.</li>
<li>Inno Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inhd#NASDAQ">INHD</a>) shares fell 72.8% to $3.78 after jumping over 246% on Thursday. The company priced its IPO at $4 per share.</li>
<li>Aadi Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aadi#NASDAQ">AADI</a>) shares fell 56.4% to $2.3450 after the company reported interim results from the PRECISION1 trial of nab-sirolimus.</li>
<li>Mangoceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgrx#NASDAQ">MGRX</a>) fell 40.4% to $0.3101 after declining around 10% on Thursday.</li>
<li>Northann Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ncl#NYSE">NCL</a>) fell 40.4% to $6.68.</li>
<li>Aileron Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alrn#NASDAQ">ALRN</a>) shares fell 38% to $3.33 after jumping 115% on Thursday.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eose#NASDAQ">EOSE</a>) fell 35.8% to $1.0784 after the company reported pricing of $50 million public offering.</li>
<li>Aurora Technology Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atak#NASDAQ">ATAK</a>) fell 26.7% to $7.70.</li>
<li>Cingulate Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cing#NASDAQ">CING</a>) fell 25.5% to $2.1522. On Dec 13, Cingulate&#39;s Louis G. Van Horn, Chief Financial Officer, retired from the company.</li>
<li>Freight Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frgt#NASDAQ">FRGT</a>) fell 25% to $0.45. Freight Technologies shares jumped 122% on Thursday after the company announced Amazon Mexico renewed its selection of Fr8App for its logistical solutions.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdt#NASDAQ">CDT</a>) dipped 16% to $6.00.</li>
<li>Scholastic Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/schl#NASDAQ">SCHL</a>) fell 11.8% to $36.59 after the company posted weaker-than-expected results for its second quarter. The company&rsquo;s board also approved an additional $66 million for share repurchases.</li>
<li>New York Mortgage Trust, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nymt#NASDAQ">NYMT</a>) declined 11.5% to $8.48.</li>
<li>Indivior PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indv#NASDAQ">INDV</a>) fell 9.6% to $14.81.</li>
<li>Genelux Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnlx#NASDAQ">GNLX</a>) fell 9.3% to $13.43.</li>
<li>SomaLogic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slgc#NASDAQ">SLGC</a>) fell 9% to $2.1910. Nautilus Biotechnology filed suit in US District Court against SomaLogic and California Institute of Technology seeking declaratory judgment that the company does not infringe any claims of US Patent No. 7,842,793 related to DNA origami structures.</li>
<li>Hovnanian Enterprises, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hov#NYSE">HOV</a>) declined 7% to $149.76.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36258073/bitcoin-falls-below-this-key-level-kucoin-token-bittorrent-among-top-losers"> Bitcoin Falls Below This Key Level; KuCoin Token, BitTorrent Among Top Losers</a>

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Why Quanex Building Products Shares Are Trading Lower By Over 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Shares of homebuilders and housing-related stocks are trading higher following the Fed's decision to leave rates unchanged, with most Fed officials expecting rate cuts in 2024.

The Nasdaq 100 closed higher by more than 100 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Riot Platforms </h3>
<ul>
<li>The Trade: Riot Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>) EVP, General Counsel William Jackman <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 57,000 shares </a> at an average price of $15.68. The insider received around $893,669 from selling those shares.</li>
<li>What&rsquo;s Happening: Riot Platforms recently said it produced 552 Bitcoin in November, up 21% from October and up 6% on a year-over-year basis.</li>
<li>What Riot Platforms Does: Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>JPMorgan Chase</h3>
<ul>
<li>The Trade: JPMorgan Chase &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) Co-CEO CCB Marianne Lake <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 32,243 shares </a> at an average price of $160.00. The insider received around $5.16 million from selling those shares.</li>
<li>What&rsquo;s Happening: JPMorgan Chase reportedly acquired a 10.6% share in the Spanish defense systems manufacturer Indra.</li>
<li>What JPMorgan Chase Does: JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets.</li>
</ul>
<h3>DoorDash </h3>
<ul>
<li>The Trade: DoorDash, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dash#NASDAQ">DASH</a>) General Counsel and Secretary Tia Sherringham <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 42,423 shares </a> at an average price of $100.02. The insider received around $4.24 million from selling those shares.</li>
<li>What&rsquo;s Happening: DoorDash will be added to the Nasdaq-100 Index, effective prior to market open on Dec. 18, 2023.</li>
<li>What DoorDash Does: Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator.</li>
</ul>
<h3>Hovnanian Enterprises </h3>
<ul>
<li>The Trade: Hovnanian Enterprises, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hov#NYSE">HOV</a>) Director, Chairman of Bd., President &amp; CEO Ara Hovnanian <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 32,117 shares </a> at an average price of $140.71. The insider received around $4.52 million from selling those shares.</li>
<li>What&rsquo;s Happening: Hovnanian Enterprises recently reported a year-over-year increase in fourth-quarter financial results.</li>
<li>What Hovnanian Enterprises Does: Hovnanian Enterprises Inc is an American construction company that focuses on residential construction.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36192464/top-5-consumer-stocks-that-could-lead-to-your-biggest-gains-this-month"> Top 5 Consumer Stocks That Could Lead To Your Biggest Gains This Month </a>
&nbsp;

DASH

RIOT

JPMorgan, DoorDash And 2 Other Stocks Insiders Are Selling

U.S. stocks traded higher, with the Dow Jones index gaining more than 50 points on Wednesday.
Shares of THOR Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tho#NYSE">THO</a>) shares moved higher during Wednesday&rsquo;s session following <a href="https://www.benzinga.com/quote/THO/earnings">better-than-expected quarterly results.</a>
Thor Industries posted quarterly earnings of 99 cents per share, topping market estimates of 98 cents per share. The company&rsquo;s quarterly sales came in at $2.50 billion versus expectations of $2.498 billion.
THOR Industries shares gained 6.5% to $109.69 on Wednesday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Pharvaris N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phvs#NASDAQ">PHVS</a>) shares rose 33.7% to $28.00 after the company announced the CHAPTER-1 Phase 2 clinical study met its primary endpoint.</li>
<li>Webuy Global Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbuy#NASDAQ">WBUY</a>) gained 32.4% to $7.88 after the company announced it entered into a non-binding MOU to acquire controlling interest in PT. Tiga Sakti Utama.</li>
<li>Phreesia, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phr#NYSE">PHR</a>) surged 23.5% to $18.23 following third-quarter results.</li>
<li>Arvinas, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arvn#NYSE">ARVN</a>) jumped 21.7% to $28.20. Arvinas and Pfizer released clinical data for vepdegestrant (ARV-471) in combination with palbociclib (IBRANCE).</li>
<li>SentinelOne, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/s#NYSE">S</a>) rose 17.4% to $23.48 after the company reported stronger-than-expected results for its third quarter and raised its annual revenue outlook.</li>
<li>TG Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgtx#NASDAQ">TGTX</a>) jumped 13.2% to $16.21.</li>
<li>The Lovesac Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/love#NASDAQ">LOVE</a>) surged 12.1% to $23.56 following quarterly results.</li>
<li>Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>) shares gained 12% to $11.93. Aspen Aerogels reported additional EV Thermal barrier commercial award and issued an update on U.S. Department of Energy loan application status.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) rose 12% to $18.09. Applied Optoelectronics recently announced a proposed private offering of $80 million of convertible senior notes due 2026.</li>
<li>Genelux Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnlx#NASDAQ">GNLX</a>) gained 11% to $12.77.</li>
<li>Upstart Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upst#NASDAQ">UPST</a>) rose 10.5% to $36.51.</li>
<li>Dave &amp; Buster&#39;s Entertainment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/play#NASDAQ">PLAY</a>) climbed 10.2% to $46.22 following quarterly results.</li>
<li>Shoe Carnival, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scvl#NASDAQ">SCVL</a>) gained 9.3% to $27.15.</li>
<li>Avis Budget Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/car#NASDAQ">CAR</a>) rose 9.2% to $200.80. Avis Budget declared a special cash dividend of $10.00 per share of common stock.</li>
<li>Travere Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tvtx#NASDAQ">TVTX</a>) gained 9.2% to $8.08. Travere Therapeutics recently announced the completion of a successful pre-NDA meeting with the FDA for FILSPARI in IgA nephropathy and provided regulatory updates for both IgAN and FSGS.</li>
<li>Hovnanian Enterprises, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hov#NYSE">HOV</a>) gained 9% to $117.37. Hovnanian recently reported a year-over-year increase in fourth-quarter financial results and issued first-quarter guidance.</li>
<li>Livent Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lthm#NYSE">LTHM</a>) rose 8.8% to $14.19.</li>
<li>NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) climbed 8.1% to $8.03. NIO is reportedly strategizing to spin off its battery manufacturing division, aiming to achieve profitability through cost reduction and enhanced efficiency.</li>
<li>Campbell Soup Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpb#NYSE">CPB</a>) climbed 6.4% to $42.95 following upbeat earnings.</li>
<li>Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) gained 5.5% to $68.51. Barclays maintained Block with an Overweight and raised the price target from $95 to $100.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/23/12/36109603/wall-streets-most-accurate-analysts-say-hold-these-3-consumer-stocks-delivering-high-dividend-yields"> Wall Street&#39;s Most Accurate Analysts Say Hold These 3 Consumer Stocks Delivering High-Dividend Yields</a>

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THOR Industries Reports Upbeat Earnings, Joins Dave & Buster's Entertainment, Campbell Soup And Other Big Stocks Moving Higher On Wednesday

Hovnanian Enterprises Inc (HOV) has shared an update. Hovnanian Enterprises, Inc. successfully conducted its 2024 Annual Meeting, where stockholder...

Hovnanian Enterprises Enhances Incentives and Approves Auditor

Beazer Homes: Valuation Is Half Of Peers

Hovnanian Enterprises Preferred Stock Diversity Comes With Risks

Earnings week ahead: NVIDIA, Target, Zoom Video, Snowflake and more

Notable earnings before Wednesday's open

Hovnanian GAAP EPS of $6.66, revenue of $708.4M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Hovnanian Enterprises (NYSE:<a href="https://investorplace.com/stock-quotes/hov-stock-quote/">HOV</a>) just reported results for the second quarter of 2024.<ul><li>Hovnanian Enterprises reported earnings per share of $6.66.</li><li>The company reported revenue of $708.38 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/hov-stock-earnings-hovnanian-enterprises-for-q2-of-2024/">HOV Stock Earnings: Hovnanian Enterprises Reported Results for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Hovnanian Enterprises

Hovnanian Enterprises (HOV) Forecast

Hovnanian Enterprises (NYSE:HOV) Stock, Quote.Headers.trade-ideas