Shares of MBIA Inc. (NYSE:MBI) traded today at $11.60, eclipsing its 52-week high. So far today approximately 188,000 shares have been exchanged, as compared to an average 30-day volume of 395,000 shares.
MBIA Inc. has overhead space with shares priced $11.46, or 22.4% below the average consensus analyst price target of $14.77.
In the past 52 weeks, MBIA Inc. share prices are bracketed by a low of $5.51 and a high of $11.60 and is now at $11.46, 108% above that low price.
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.
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