MBIA (MBI) has risen sharply, recording gains of 5.32% in the past 4 weeks. However, the stock has corrected -0.25% 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 4.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
MBIA Inc. is up 9.74% in the last 3-month period. Year-to-Date the stock performance stands at 25.15%. The stock has recorded a 20-day Moving Average of 1.73% and the 50-Day Moving Average is 7.57%.
MBIA (NYSE:MBI): The stock opened at $8.16 on Friday but the bulls could not build on the opening and the stock topped out at $8.23 for the day. The stock traded down to $8.08 during the day, due to lack of any buying support eventually closed down at $8.11 with a loss of -1.10% for the day. The stock had closed at $8.20 on the previous day. The total traded volume was 627,270 shares.
Also, 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.
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.