Market Runner: A Reversal for Ambac Financial Group, Inc. Is Not Near. The Stock Rises Again

Market Runner: A Reversal for Ambac Financial Group, Inc. Is Not Near. The Stock Rises Again

The stock of Ambac Financial Group, Inc. (NASDAQ:AMBC) is a huge mover today! About 249,821 shares traded hands or 67.49% up from the average. Ambac Financial Group, Inc. (NASDAQ:AMBC) has risen 10.80% since April 4, 2016 and is uptrending. It has outperformed by 9.71% the S&P500.
The move comes after 5 months positive chart setup for the $800.91M company. It was reported on Nov, 4 by Barchart.com. We have $23.88 PT which if reached, will make NASDAQ:AMBC worth $160.18M more.

Analysts await Ambac Financial Group, Inc. (NASDAQ:AMBC) to report earnings on November, 14.

According to Zacks Investment Research, “Ambac Financial Group, Inc. is a holding company which provides financial guarantees and other financial services to clients in both the public and private sectors globally, through its subsidiaries. It provides financial guarantee insurance and other credit enhancement products, such as credit derivatives, financial and investment products, including investment agreements, derivative products and funding conduits. Ambac Financial Group, Inc. is headquartered in New York City, United States.”

More notable recent Ambac Financial Group, Inc. (NASDAQ:AMBC) news were published by: Marketwatch.com which released: “Ambac Financial Group Inc.” on May 12, 2013, also Reuters.com with their article: “JPMorgan to pay Ambac $995 million to settle RMBS-related claims” published on January 26, 2016, Prnewswire.com published: “Activist Shareholder requests Ambac Financial Group Inc. hire Investment …” on August 29, 2016. More interesting news about Ambac Financial Group, Inc. (NASDAQ:AMBC) were released by: Prnewswire.com and their article: “Open Letter to Members of the Board of Directors of Ambac Financial Group, Inc.” published on November 17, 2015 as well as Reuters.com‘s news article titled: “Ambac in bid to buy CIFG Assurance: sources” with publication date: April 04, 2016.

AMBC Company Profile

Ambac Financial Group, Inc. (Ambac), incorporated on April 29, 1991, is a financial services holding company. Ambac has two divisions: Financial Guarantee and Financial Services. The Financial Guarantee segment includes insurance policies and credit derivative contracts. The Financial Services business segment provides financial and investment products, including investment agreements, funding conduits and interest rate swaps, principally to the clients of its financial guarantee business. The Company’s subsidiaries, Ambac Assurance Corporation (Ambac Assurance), Everspan Financial Guarantee Corp. and Ambac Assurance UK Limited (Ambac UK), provide financial guarantees and other financial services to clients in both the public and private sectors across the world.

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