MBIA (NYSE:MBI) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

MBIA Inc. (NYSE:MBI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.06 and traded as high as $7.38. MBIA shares last traded at $7.22, with a volume of 252,297 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of MBIA from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded shares of MBIA from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $6.50 to $9.00 in a research report on Monday, November 18th.

MBIA Trading Up 0.7 %

The firm’s 50 day moving average is $6.41 and its two-hundred day moving average is $5.06.

Insider Buying and Selling at MBIA

In other MBIA news, Director Theodore Shasta sold 9,570 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $6.74, for a total transaction of $64,501.80. Following the completion of the transaction, the director now owns 61,794 shares in the company, valued at approximately $416,491.56. This represents a 13.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard C. Vaughan sold 9,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $6.59, for a total transaction of $59,310.00. Following the completion of the transaction, the director now owns 65,635 shares of the company’s stock, valued at $432,534.65. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,831 shares of company stock valued at $192,842. Insiders own 12.58% of the company’s stock.

Hedge Funds Weigh In On MBIA

A number of large investors have recently made changes to their positions in the stock. Wolf Hill Capital Management LP purchased a new position in MBIA during the 4th quarter valued at about $18,608,000. TCW Group Inc. boosted its stake in shares of MBIA by 53.3% during the 4th quarter. TCW Group Inc. now owns 706,560 shares of the insurance provider’s stock worth $4,564,000 after purchasing an additional 245,760 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of MBIA by 321.0% during the 3rd quarter. GSA Capital Partners LLP now owns 316,234 shares of the insurance provider’s stock worth $1,129,000 after purchasing an additional 241,116 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of MBIA during the 4th quarter worth about $1,159,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of MBIA during the 4th quarter worth about $1,058,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

About MBIA

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.