MBIA (NYSE:MBI) has tumbled 1.97% during the past week and has dropped 5.68% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.79%. MBIA (NYSE:MBI) has underperformed the index by 6.54% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
MBIA (NYSE:MBI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.69 and $6.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.97, notching a gain of 4.65% for the day. The total traded volume was 2,760,459 . The stock had closed at $6.66 on the previous day.
The company shares have dropped -22.56% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $9.66 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $7.23 and the 200 Day Moving Average price is recorded at $7.19.
On the companys insider trading activities,The director officer (Chief Executive Officer) of Mbia Inc, Brown Joseph W sold 30,000 shares at $6.49 on December 31, 2015. The Insider selling transaction had a total value worth of $194,700. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Brokerage firm MKM Partners maintains its rating on MBIA (NYSE:MBI). In a research note issued to the investors, the brokerage major maintains price-target of $12 per share.The shares have been rated Buy. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 5.86% of MBIA shares according to the proxy statements. Institutional Investors own 92.23% of MBIA shares. During last six month period, the net percent change held by insiders has seen a change of -0.66%.
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.