MBIA Inc. (MBI) is Trading Higher on Unusual Volume for December 21

Equities Staff |

MBIA Inc. (MBI) experienced unusually high volume on Dec. 21, as the stock gained 9.8% to a closing price of $5.94. The stock saw 12.8 million shares trade hands over the course of the day on 32,682 trades. Given that the stock’s average daily volume over the last month has been 3.3 million shares a day, this represents a pretty substantial spike over the norm.

MBIA Inc. has a P/B ratio of 0.25. It also has a P/E ratio of 9.3. The stock has traded between $9.98 and $4.94 over the last 52-weeks, its 50-day SMA is now $6.86, and its 200-day SMA $7.60.

MBIA Inc through its subsidiaries is engaged in providing financial guarantee insurance to the United States' public finance markets. Its business include; U.S. public finance insurance; structured finance and international insurance; & advisory services.

Headquartered in Purchase, NY, MBIA Inc. has 180 employees and is currently under the leadership of CEO C. Edward Chaplin / Joseph W. Brown / William C. Fallon.

For a complete fundamental analysis analysis of MBIA Inc., check out Equities.com’s Stock Valuation Analysis report for MBI. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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