MBIA (MBI) : During the past 4 weeks, traders have been relatively bearish on MBIA (MBI), hence the stock is down -5.96% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.7% relative to the S&P 500. The 4-week change in the price of the stock is -6.16% and the stock has fallen -2.34% in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 3.72% and the fifty day Moving Average is 3.53%. MBIA Inc. is up 7.61% in the last three month period. Year-to-Date the stock performance stands at 22.22%.
MBIA (MBI) : 2 investment research analysts covering MBIA (MBI) have an average price target of $10.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $12 and the lowest target is $9 for the short term. Analysts expect the variance to be within $2.47 of the average price.
MBIA (NYSE:MBI): On Fridays trading session , Opening price of the stock was $7.98 with an intraday high of $8.015. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.79. However, the stock managed to close at $7.92, a loss of 0.75% for the day. On the previous day, the stock had closed at $7.98. The total traded volume of the day was 1,074,150 shares.
MBIA Inc. (MBIA) is a holding company. Through its subsidiary, the Company provides financial guarantee insurance to the United States public finance markets. The Companys indirect, wholly owned subsidiary is National Public Finance Guarantee Corporation (National). The Companys operating segments includes United States (U.S.) public finance insurance; international and structured finance insurance; corporate and advisory services. The U.S. public finance insurance business is operated through National Public Finance Guarantee Corporation and its subsidiaries (National). The international and structured finance insurance business is operated through MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). The asset management and advisory services business is operated through Cutwater Holdings, LLC and its subsidiaries (Cutwater). Nationals guarantees insure municipal bonds, including tax-exempt and taxable indebtedness of the United States political subdivisions.