MBIA Sees Unusually Large Options Volume (MBI)
MBIA (NYSE:MBI) saw unusually large options trading on Wednesday. Traders bought 12,857 put options on the company, AR Network reports. This is an increase of 501% compared to the average volume of 2,138 put options.
Several analysts have recently commented on the stock. Analysts at MKM Partners reiterated a “buy” rating on shares of MBIA (NYSE:MBI) in a research note to investors on Tuesday, August 13th. They now have a $20.00 price target on the stock. Analysts at S&P Equity Research upgraded shares of MBIA (NYSE:MBI) from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 8th.
Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. MBIA has a consensus rating of “Hold” and an average price target of $16.20.
Shares of MBIA (NYSE:MBI) opened at 11.52 on Thursday. MBIA has a 1-year low of $6.78 and a 1-year high of $16.15. The stock’s 50-day moving average is $12.65 and its 200-day moving average is $12.49. The company has a market cap of $2.223 billion and a price-to-earnings ratio of 3.55.
MBIA (NYSE:MBI) last released its earnings data on Wednesday, August 7th. The company reported ($0.92) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $1.11. During the same quarter last year, the company posted $2.98 earnings per share. On average, analysts predict that MBIA will post $-0.54 earnings per share for the current fiscal year.
MBIA Inc (NYSE:MBI) together with its consolidated subsidiaries, operates the financial guarantee insurance businesses in the industry and is a provider of asset management advisory services.
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