Price Action Report: MBIA Inc. Just Reaches 52-Week High?

Price Action Report: MBIA Inc. Just Reaches 52 Week High?

The stock of MBIA Inc. (NYSE:MBI) hit a new 52-week high and has $11.15 target or 8.00% above today’s $10.32 share price. The 6 months bullish chart indicates low risk for the $1.40 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $11.15 price target is reached, the company will be worth $112.00 million 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 221,708 shares traded hands. MBIA Inc. (NYSE:MBI) has risen 27.83% since April 27, 2016 and is uptrending. It has outperformed by 22.60% 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. $12 is the highest target while $8.50 is the lowest. The $10.25 average target is -0.68% below today’s ($10.32) stock price. MBIA Inc has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of MBIA Inc. (NYSE:MBI) earned “Market Perform” rating by Wood on Monday, April 25. M Partners upgraded the shares of MBI in a report on Tuesday, November 3 to “Buy” rating. The rating was downgraded by TheStreet to “Sell” on Friday, August 7. M Partners maintained MBIA Inc. (NYSE:MBI) rating on Thursday, June 16. M Partners has “Buy” rating and $12 price target.

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 is negative, 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.
Principal Grp accumulated 17,581 shares or 0% of the stock. Bancorporation Of Montreal Can holds 1,335 shares or 0% of its portfolio. London Of Virginia holds 0.56% or 10.69M shares in its portfolio. Barclays Public Limited Com holds 0.01% of its portfolio in MBIA Inc. (NYSE:MBI) for 657,148 shares. Nomura Asset Mngmt Com holds 8,500 shares or 0% of its portfolio. Next Fincl Gru owns 1,453 shares or 0% of their US portfolio. Ontario Teachers Pension Plan Board reported 65,906 shares or 0.01% of all its holdings. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Great West Life Assurance Comm Can accumulated 0% or 16,208 shares. Schroder Investment Group has 0% invested in the company for 8,000 shares. Marshall Wace Ltd Liability Partnership has 1.18M shares for 0.07% of their US portfolio. Prudential accumulated 711,725 shares or 0.01% of the stock. Moreover, Chou Associate Mgmt Incorporated has 1% invested in MBIA Inc. (NYSE:MBI) for 1.08M shares. Cipher Cap Lp last reported 0.01% of its portfolio in the stock. Capstone Invest Limited Liability Company accumulated 0% or 17,084 shares.

Insider Transactions: Since August 11, 2016, the stock had 0 buys, and 2 selling transactions for $2.53 million net activity. On Monday, November 28 BROWN JOSEPH W sold $2.51M worth of the stock or 248,433 shares. The insider VAUGHAN RICHARD C sold 3,000 shares worth $24,632.

More news for MBIA Inc. (NYSE:MBI) were recently published by: Businesswire.com, which released: “MBIA Inc. Announces Financing Commitment for MBIA Insurance Corporation” on November 28, 2016. Moodys.com‘s article titled: “Moody’s affirms MBIA Inc. (senior at Ba1) and National Public Finance …” and published on May 20, 2016 is yet another important article.

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).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment