MBIA Sees Unusually Large Options Volume (MBI)
Shares of MBIA (NYSE:MBI) was the recipient of some unusual options trading activity on Friday. Traders bought 12,857 put options on the company, Analyst Ratings Network.com reports. This represents an increase of approximately 324% compared to the typical daily volume of 3,032 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.20.
MBIA (NYSE:MBI) opened at 11.57 on Monday. MBIA has a 1-year low of $6.78 and a 1-year high of $16.15. The stock has a 50-day moving average of $12.5 and a 200-day moving average of $12.50. The company has a market cap of $2.233 billion and a price-to-earnings ratio of 3.57.
MBIA (NYSE:MBI) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $1.11. During the same quarter in the previous 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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