MBIA, Inc.s in-depth stock price analysis indicates that the stock price has rallied 13.51% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 32.58% . Looking at the past 52 week period, the stock price is up at 63.3% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of MBIA, Inc. has a positive value of 20.9 compared to overall market. Stocks of MBIA, Inc. (NYSE:MBI) rallied by 0.67% during the past week but lost 6.25% on a 4-week basis. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.14%. MBIA, Inc. (NYSE:MBI) has underperformed the index by 7.93% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
MBIA, Inc. (NYSE:MBI) : On Friday heightened volatility was witnessed in MBIA, Inc. (NYSE:MBI) which led to swings in the share price. The stock opened for trading at $10.49 and hit $10.7 on the upside , eventually ending the session at $10.5, with a gain of 0.67% or 0.07 points. The heightened volatility saw the trading volume jump to 1,096,511 shares. The 52-week high of the share price is $11.65 and the company has a market cap of $1,425 million. The 52-week low of the share price is at $5.885 .
MBIA Last issued its quarterly earnings results on Aug 8, 2016. The company reported $0.12 EPS for the quarter. Analyst had a consensus estimate of $0.12. The company had revenue of $118.00 million for the quarter, compared to analysts expectations of $124.55 million. The companys revenue was down -51.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.
Company has reported several Insider transactions to the SEC, on Dec 8, 2016, Ram D Wertheim (EVP, Chief Legal Off & Secy) sold 60,000 shares at 10.94 per share price.On Nov 29, 2016, Joseph W Brown (Chief Executive Officer) sold 248,433 shares at 10.10 per share price.On Aug 15, 2016, Richard C Vaughan (director) sold 3,000 shares at 8.21 per share price.
MBIA Incorporated is engaged in providing financial guarantee insurance and investment management and financial services to public finance clients and financial institutions on a global basis. Financial guarantees for municipal bonds, asset-backed and mortgage-backed securities, investor-owned utility bonds, and collateralized obligations of sovereigns, corporations and financial institutions, both in the new issue and secondary markets, are provided through the Companys wholly-owned subsidiary, MBIA Insurance Corporation.