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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
