MBIA Sees Unusually High Options Volume (MBI)
Shares of MBIA (NYSE:MBI) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 12,857 put options on the stock, StockRatingsNetwork.com reports. This is an increase of approximately 373% compared to the average daily volume of 2,721 put options.
A number of research firms have recently commented on MBI. 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. MBIA currently has a consensus rating of “Hold” and a consensus target price of $16.20.
Shares of MBIA (NYSE:MBI) traded up 0.26% during mid-day trading on Friday, hitting $11.62. The stock had a trading volume of 283,228 shares. MBIA has a one year low of $6.78 and a one year high of $16.15. The stock has a 50-day moving average of $12.59 and a 200-day moving average of $12.49. The company has a market cap of $2.242 billion and a price-to-earnings ratio of 3.58.
MBIA (NYSE:MBI) last posted its quarterly earnings results 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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