Movers roundup: Hovnanian, Novatel Wireless

By Associated Press
June 4, 2008
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Among the stock activity stories for Wednesday, June 4, from AP Financial News:

NEW YORK (AP) _ Shares of Hovnanian Enterprises Inc. fell sharply on Wednesday after the homebuilder said its second-quarter loss grew tenfold, citing a difficult business environment for home construction.

NEW YORK (AP) _ Shares of Novatel Wireless Inc. rose Wednesday afternoon as an analyst upgraded the wireless modem maker, saying it is on track to meet second-quarter expectations.

NEW YORK (AP) _ Smith International Inc. shares rose Wednesday as investors warmed to the oilfield services company's purchase of a Houston concern that offers petroleum drilling tools.
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