MBIA (MBI) : Traders are bullish on MBIA (MBI) as it has outperformed the S&P 500 by a wide margin of 6.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.28%, 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 8.89% in the last 1 week, and is up 10.76% 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 11.4% and the 50-Day Moving Average is 9.01%.
MBIA (NYSE:MBI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.53 and $7.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.72, notching a gain of 3.21% for the day. The total traded volume was 1,437,837 . The stock had closed at $7.48 on the previous day.
The company Insiders own 5.86% of MBIA shares according to the proxy statements. Institutional Investors own 90.68% of MBIA shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chief Executive Officer) of Mbia Inc, Brown Joseph W had sold 30,000 shares worth of $194,700 in a transaction dated December 31, 2015. In this transaction, 30,000 shares were sold at $6.49 per share.
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.