EDWARD KANGAS, Director at Hovnanian Enterprises (NYSE:HOV), reported a large insider sell on October 10, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that KANGAS sold 5,500 shares of Hovnanian Enterprises. The total transaction amounted to $474,154.
Hovnanian Enterprises shares are trading down 0.0% at $88.6 at the time of this writing on Wednesday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however an insider ...