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Taking a Closer Look At MBIA Inc. (MBI) Following Its Recent Trade

In a filing, MBIA Inc. revealed its Director VAUGHAN RICHARD C unloaded Company’s shares for reported $18240.0 on Dec 28 ’23. In the deal valued at $6.08 per share,3,000 shares were sold. As a result of this transaction, VAUGHAN RICHARD C now holds 85,184 shares worth roughly $0.5 million.

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Then, VAUGHAN RICHARD C sold 12,000 shares, generating $75,720 in total proceeds. Upon selling the shares at $6.31, the Director now owns 88,184 shares.

ROTH MKM downgraded its MBIA Inc. [MBI] rating to a Neutral from a a Buy in a research note published on December 08, 2023; the price target was increased to $15 from $12. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “a Buy”. Compass Point began covering MBI with “Neutral” recommendation on November 28, 2022. Keefe Bruyette started covering the stock on February 05, 2018. It rated MBI as “a Mkt perform”.

Price Performance Review of MBI

On Tuesday, MBIA Inc. [NYSE:MBI] saw its stock fall -0.34% to $5.86. Over the last five days, the stock has lost -3.30%. MBIA Inc. shares have fallen nearly -4.25% since the year began. Nevertheless, the stocks have risen 71.56% over the past one year. While a 52-week high of $7.33 was reached on 02/28/24, a 52-week low of $2.65 was recorded on 01/17/24. SMA at 50 days reached $6.39, while 200 days put it at $7.21. A total of 0.3 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For MBI Stock

The 24-hour chart illustrates a support level at 5.76, which if violated will result in even more drops to 5.66. On the upside, there is a resistance level at 5.95. A further resistance level may holdings at 6.05. The Relative Strength Index (RSI) on the 14-day chart is 39.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.58%. Stochastics %K at 7.69% indicates the stock is a buying.

The most recent change occurred on April 25, 2016 when Keefe Bruyette began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $8.50 price target.

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