Can MBIA Inc. (NYSE:MBI) Offer Investors Safety?

MBIA Inc. (NYSE:MBI) shares traded higher over the last trading session, gaining 0.97% on 02/19/21. The shares fell to a low of $6.18 before closing at $6.25. Intraday shares traded counted 0.41 million, which was 20.82% higher than its 30-day average trading volume of 519.51K. MBI’s previous close was $6.19 while the outstanding shares total 52.59M. The firm has a beta of 1.10. The stock’s Relative Strength Index (RSI) is 43.46, with weekly volatility at 5.91% and ATR at 0.35. The MBI stock’s 52-week price range has touched low of $4.93 and a $9.35 high.

Investors have identified the Insurance – Specialty company MBIA Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $333.81 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Is the stock of MBI attractive?

In related news, CEO & President, Fallon William C bought 100,000 shares of the company’s stock in a transaction that recorded on Nov 18. The purchase was performed at an average price of 6.17, for a total value of 617,000. As the purchase deal closes, the Director, RINEHART CHARLES R now sold 25,000 shares of the company’s stock, valued at 202,750. Also, Director, RINEHART CHARLES R sold 25,000 shares of the company’s stock in a deal that was recorded on Aug 24. The shares were cost at an average price of 8.00 per share, with a total market value of 200,000. Following this completion of disposal, the Director, RINEHART CHARLES R now holds 25,000 shares of the company’s stock, valued at 199,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 10.90%.


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