Shares of Hovnanian (HOV) move 4.9% lower AH after the firm announces an offering of 25M shares...

|About: Hovnanian Enterprises, Inc. (HOV)|By:, SA News Editor

Shares of Hovnanian (HOV) move 4.9% lower AH after the firm announces an offering of 25M shares of its common stock with an over-allotment allowance of an extra 15% for underwriters.