The price of MBIA Inc (NYSE:MBI) shares last traded on Wall Street rose 0.29% to $6.95.
MBI stock price is now 58.20% away from the 50-day moving average and 33.85% away from the 200-day moving average. The market capitalization of the company currently stands at $354.66M.
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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, VAUGHAN RICHARD C, Director sold 9,000 shares of the company’s stock on Nov 19 ’24. The stock was sold for $59,310 at an average price of $6.59. Upon completion of the transaction, the Director now directly owns 65,635 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, Director VAUGHAN RICHARD C sold 3,821 shares of the business’s stock. A total of $24,645 was realized by selling the stock at an average price of $6.45. This leaves the insider owning 61,814 shares of the company worth $0.43 million. A total of 14.23% of the company’s stock is owned by insiders.
During the past 12 months, MBIA Inc has had a low of $3.13 and a high of $7.33. The fifty day moving average price for MBI is $4.3268 and a two-hundred day moving average price translates $5.18935 for the stock.
The latest earnings results from MBIA Inc (NYSE: MBI) was released for 2024-09-30. The company reported revenue of $29.0 million for the quarter, compared to $8.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 262.5 percent.
