Why insider trading matters?

Numerous studies have examined whether there is evidence that U.S. insiders systematically trade on private information despite the legal deterrence. The consensus appears to be that insider purchases (but not sales) tend to be followed by positive abnormal stock price performance, particularly for small growth stocks.

- Prof. B. Espen Eckbo, Dartmouth College
HOVNANIAN ENTERPRISES INC (HOV)
Sector: Consumer Cyclical; Industry: Residential Construction

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. The company builds and markets homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 141 communities in 24 markets.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2009-03-13 REINHART PETER S Sr. VP / General Counsel Buy 10,000 $0.85 $8,500 No
2009-01-06 REINHART PETER S Sr. VP / General Counsel Buy 5,000 $2.00 $10,000 No

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