Price Action To Observe: What’s in MBIA Inc. After Making 52-Week High?

Price Action To Observe: What's in MBIA Inc. After Making 52 Week High?

The stock of MBIA Inc. (NYSE:MBI) hit a new 52-week high and has $9.84 target or 4.00% above today’s $9.46 share price. The 9 months bullish chart indicates low risk for the $1.31 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $9.84 price target is reached, the company will be worth $52.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 46,642 shares traded hands. MBIA Inc. (NYSE:MBI) has risen 13.47% since April 22, 2016 and is uptrending. It has outperformed by 8.06% the S&P500.

Analysts await MBIA Inc. (NYSE:MBI) to report earnings on March, 6.

MBIA Inc. (NYSE:MBI) Ratings Coverage

Out of 3 analysts covering MBIA Inc (NYSE:MBI), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. MBIA Inc has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. TheStreet downgraded the stock to “Sell” rating in Friday, August 7 report. The rating was maintained by M Partners with “Buy” on Thursday, June 16. The stock of MBIA Inc. (NYSE:MBI) earned “Buy” rating by M Partners on Tuesday, November 3. On Monday, April 25 the stock rating was initiated by Wood with “Market Perform”.

According to Zacks Investment Research, “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 Company’s wholly-owned subsidiary, MBIA Insurance Corporation.”

Insitutional Activity: The institutional sentiment decreased to 0.74 in 2016 Q2. Its down 0.16, from 0.9 in 2016Q1. The ratio dived, as 25 funds sold all MBIA Inc. shares owned while 55 reduced positions. 27 funds bought stakes while 45 increased positions. They now own 115.87 million shares or 7.78% less from 125.65 million shares in 2016Q1.
Piedmont Invest Advsrs Limited Liability holds 46 shares or 0% of its portfolio. First Midwest Retail Bank Tru Division last reported 0.08% of its portfolio in the stock. Credit Suisse Ag last reported 0% of its portfolio in the stock. Ifc Fl owns 11,100 shares or 0.01% of their US portfolio. Jpmorgan Chase & Com last reported 1.86M shares in the company. Parametric Portfolio Assocs Llc has 0% invested in the company for 270,506 shares. Ny State Common Retirement Fund last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Gradient Limited Liability Co accumulated 200 shares or 0% of the stock. Philadelphia Fincl Management Of San Francisco Ltd last reported 2.73% of its portfolio in the stock. Numeric Investors Limited Com holds 0.25% or 4.11 million shares in its portfolio. The New York-based Metropolitan Life Insurance Ny has invested 0% in MBIA Inc. (NYSE:MBI). Valueworks Ltd Llc has 679,435 shares for 5.14% of their US portfolio. Ameriprise holds 0% or 495,147 shares in its portfolio. Schroder Mgmt Group reported 8,000 shares or 0% of all its holdings.

Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 1 sale for $24,632 net activity. VAUGHAN RICHARD C also sold $24,632 worth of MBIA Inc. (NYSE:MBI) shares.

More notable recent MBIA Inc. (NYSE:MBI) news were published by: Moodys.com which released: “Moody’s affirms MBIA Inc. (senior at Ba1) and National Public Finance …” on May 20, 2016, also Businesswire.com with their article: “MBIA Inc. Reports Second Quarter 2016 Financial Results” published on August 08, 2016, Wsj.com published: “Lynn Tilton, Bond Insurer MBIA to Discuss Her Role with Zohar Funds” on February 01, 2016. More interesting news about MBIA Inc. (NYSE:MBI) were released by: Businesswire.com and their article: “MBIA Inc. Reports Third Quarter 2016 Financial Results” published on November 08, 2016 as well as Businesswire.com‘s news article titled: “MBIA Inc. Reports First Quarter 2016 Financial Results” with publication date: May 09, 2016.

MBI Company Profile

MBIA Inc. (MBIA), incorporated on November 12, 1986, is a holding company. The Company, through its subsidiary, National Public Finance Guarantee Corporation (National), is engaged in providing financial guarantee insurance to the United States public finance markets. The Company’s divisions include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate. The U.S. public finance insurance segment’s primary activities are to generate new insurance business in National, consistent with its portfolio management and return requirements, and to maximize the economics of its existing insured portfolio through surveillance and remediation. The international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). The corporate segment is operated through the Company and its subsidiaries, including its service company, MBIA Services Corporation (MBIA Services).

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