MBIA Inc.’s recently made public that its Director Shasta Theodore unloaded Company’s shares for reported $0.12 million on Jun 13 ’24. In the deal valued at $5.52 per share,21,405 shares were sold. As a result of this transaction, Shasta Theodore now holds 82,625 shares worth roughly $0.31 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.
Before that, VAUGHAN RICHARD C sold 3,000 shares. MBIA Inc. shares valued at $18,240 were divested by the Director at a price of $6.08 per share. As a result of the transaction, VAUGHAN RICHARD C now holds 85,184 shares, worth roughly $0.32 million.
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 Friday, MBIA Inc. [NYSE:MBI] saw its stock fall -0.53% to $3.75. Over the last five days, the stock has lost -4.58%. MBIA Inc. shares have fallen nearly -38.73% since the year began. Nevertheless, the stocks have risen 35.59% over the past one year. While a 52-week high of $7.33 was reached on 02/28/24, a 52-week low of $2.68 was recorded on 09/11/24. SMA at 50 days reached $3.66, while 200 days put it at $5.29.
Levels Of Support And Resistance For MBI Stock
The 24-hour chart illustrates a support level at 3.50, which if violated will result in even more drops to 3.25. On the upside, there is a resistance level at 3.90. A further resistance level may holdings at 4.05. The Relative Strength Index (RSI) on the 14-day chart is 52.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.97%. Stochastics %K at 65.20% indicates the stock is a holding.
How much short interest is there in MBIA Inc.?
A steep rise in short interest was recorded in MBIA Inc. stocks on 2024-10-15, growing by 0.14 million shares to a total of 2.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.88 million shares. There was a rise of 7.02%, which implies that there is a positive sentiment for the stock.
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.
