Traders Buy Large Volume of Call Options on MBIA (MBI)
Shares of MBIA (NYSE:MBI) saw unusually large options trading on Friday. Investors purchased 27,315 call options on the company, StockRatingsNetwork.com reports. This represents an increase of approximately 634% compared to the average volume of 3,721 call options.
MBIA (NYSE:MBI) remained flat at $12.67 during trading on Friday. 2,419,027 shares of the company’s stock traded hands. MBIA has a 1-year low of $8.73 and a 1-year high of $16.15. The stock has a 50-day moving average of $11.58 and a 200-day moving average of $11.7. The company has a market cap of $2.436 billion and a price-to-earnings ratio of 3.31.
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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