(Reuters) - "There is talk that Warren Buffett is buying a stake in
Hovnanian," said Jon Najarian, co-founder of optionmonster.com.
"We think such a move by Buffett would clearly signal a bottom is
finally in or near this battered housing sector."
Hovnanian shares were up 8.4 percent, or $1.39, shortly after
noon, at $17.94 on the New York Stock Exchange after rising as
much as 14 percent earlier in the session. Hovnanian shares were
among the top percent gainers on the New York Stock Exchange.
Read more at Reuters.com Bonds News
Hovnanian," said Jon Najarian, co-founder of optionmonster.com.
"We think such a move by Buffett would clearly signal a bottom is
finally in or near this battered housing sector."
Hovnanian shares were up 8.4 percent, or $1.39, shortly after
noon, at $17.94 on the New York Stock Exchange after rising as
much as 14 percent earlier in the session. Hovnanian shares were
among the top percent gainers on the New York Stock Exchange.
Read more at Reuters.com Bonds News
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