MBIA (MBI) has risen sharply, recording gains of 5.31% in the past 4 weeks. However, the stock has corrected -4.69% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.24% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 9.48%. MBIA (NYSE:MBI): stock turned positive on Friday. Though the stock opened at $8.11, the bulls momentum made the stock top out at $8.27 level for the day. The stock recorded a low of $8.04 and closed the trading day at $8.13, in the green by 0.12%. The total traded volume for the day was 1,010,736. The stock had closed at $8.12 in the previous days trading.
The company Insiders own 5.86% of MBIA shares according to the proxy statements. Institutional Investors own 91.24% of MBIA shares. Also, MKM Partners maintains their rating on the shares of MBIA (NYSE:MBI). The current rating of the shares is Buy. Equity Analysts at the Firm maintains the price target to $12 per share. The rating by the firm was issued on June 16, 2016.
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.