Stocks of MBIA Inc (NYSE:MBI) traded higher last session on Wall Street, up 10.05% to $4.38.
MBI stock price is now -21.69% away from the 50-day moving average and -13.80% away from the 200-day moving average. The market capitalization of the company currently stands at $220.63M.
With the price target enhanced from $6.50 to $9, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for MBIA Inc (NYSE: MBI). On December 08, 2023, ROTH MKM Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $12 to quote $15, while ‘Compass Point’ rates the stock as ‘Buy’
In other news, Shasta Theodore, Director sold 9,570 shares of the company’s stock on Jan 02 ’25. The stock was sold for $64,502 at an average price of $6.74. Upon completion of the transaction, the Director now directly owns 61,794 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 30 ’24, Director Shasta Theodore sold 11,261 shares of the business’s stock. A total of $69,030 was realized by selling the stock at an average price of $6.13. This leaves the insider owning 71,364 shares of the company worth $0.31 million. A total of 12.76% of the company’s stock is owned by insiders.
During the past 12 months, MBIA Inc has had a low of $3.22 and a high of $7.46. The fifty day moving average price for MBI is $5.593 and a two-hundred day moving average price translates $5.0815 for the stock.
The latest earnings results from MBIA Inc (NYSE: MBI) was released for 2024-12-31. The company reported revenue of $37.0 million for the quarter, compared to -$31.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -219.35 percent.
