Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MBIA Inc shares valued at $69,030 were sold by Shasta Theodore on Dec 30 ’24. At $6.13 per share, Shasta Theodore sold 11,261 shares. The insider’s holdings dropped to 71,364 shares worth approximately $0.49 million following the completion of this transaction.
Also, VAUGHAN RICHARD C sold 9,000 shares, netting a total of over 59,310 in proceeds. Following the sale of shares at $6.59 each, the insider now holds 65,635 shares.
Before that, VAUGHAN RICHARD C had sold 3,821 shares from its account. In a trade valued at $24,645, the Director traded MBIA Inc shares for $6.45 each. Upon closing the transaction, the insider’s holdings decreased to 3,821 shares, worth approximately $0.43 million.
As published in a research note from Keefe Bruyette on November 18, 2024, MBIA Inc [MBI] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $9 from $6.50. Analysts at ROTH MKM downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of April 21, 2023, Compass Point has increased its “Neutral” rating to a “Buy” for MBI. Earlier on November 28, 2022, Compass Point initiated its rating. Their recommendation was “a Neutral” for MBI stock.
Analyzing MBI Stock Performance
During the last five days, there has been a surge of approximately 20.00%. Over the course of the year, MBIA Inc shares have jumped approximately 6.81%. Shares of the company reached a 52-week high of $6.94 on 01/02/25 and a 52-week low of $6.49 on 01/02/25. A 50-day SMA is recorded $5.65, while a 200-day SMA reached $5.16. Nevertheless, trading volume fell to 0.63 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for MBIA Inc (MBI)
According to the 24-hour chart, there is a support level at 6.62, which, if violated, would cause prices to drop to 6.33. In the upper region, resistance lies at 7.06. The next price resistance is at 7.22. RSI (Relative Strength Index) is 65.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 3.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
