Shares of MBIA Inc. (NYSE:MBI) traded at a new 52-week high today of $14.28. This new high was reached on approximately average trading volume as 236,000 shares traded hands, while the average 30-day volume is approximately 321,000 shares.
MBIA Inc provides financial guaranty insurance for municipal bonds and asset-backed securities in the United States and internationally. It offers an unconditional guarantee to repay the principal and interest on these securities if the issuer defaults. MBIA insures bonds sold in the primary and secondary markets, as well as those held in unit investment trusts and by mutual funds. Many MBIA customers are secure public-sector entities.
MBIA Inc. (NYSE:MBI) has potential upside of 36.1% based on a current price of $14.24 and analysts’ consensus price target of $19.38.
In the past 52 weeks, MBIA Inc. share prices are bracketed by a low of $5.56 and a high of $14.28 and is now at $14.24, 156% above that low price.
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