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Shares of MBIA (NYSE:MBI) was the target of unusually large options trading on Wednesday. Stock investors bought 9,705 put options on the company, StockRatingsNetwork reports. This represents an increase of approximately 228% compared to the typical volume of 2,960 put options.

MBIA (NYSE:MBI) traded down 2.33% during mid-day trading on Wednesday, hitting $11.73. 6,960,541 shares of the company’s stock traded hands. MBIA has a one year low of $7.90 and a one year high of $16.15. The stock has a 50-day moving average of $11.82 and a 200-day moving average of $12.02. The company has a market cap of $2.255 billion and a price-to-earnings ratio of 3.14.

MBIA (NYSE:MBI) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.70. The company had revenue of $74.00 million for the quarter, compared to the consensus estimate of $107.50 million. During the same quarter last year, the company posted $0.04 earnings per share. Analysts expect that MBIA will post $-0.14 EPS 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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