Hovnanian Enterprises Shares Slide 10.0% Below Pagano Jr.'s Purchase Price

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on March 11, Hovnanian Enterprises, Inc.'s Director, Vincent Pagano Jr., invested $29,340.00 into 6,000 shares of HOV, for a cost per share of $4.89..