MBIA (MBI) : Traders are bullish on MBIA (MBI) as it has outperformed the S&P 500 by a wide margin of 16.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.68%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.61% in the last 1 week, and is up 20.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 12.02% and the 50-Day Moving Average is 17.06%. MBIA Inc. is up 8.21% in the last 3-month period. Year-to-Date the stock performance stands at 30.25%.
MBIA (NYSE:MBI): stock turned positive on Friday. Though the stock opened at $8.3, the bulls momentum made the stock top out at $8.45 level for the day. The stock recorded a low of $8.24 and closed the trading day at $8.44, in the green by 1.20%. The total traded volume for the day was 2,044,913. The stock had closed at $8.34 in the previous days trading.
Also, MKM Partners maintains its view on MBIA (NYSE:MBI) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. MKM Partners maintains the current price target of $12 per share on MBIA . 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.