In a filing, MBIA Inc revealed its Director Shasta Theodore unloaded Company’s shares for reported $64502.0 on Jan 02 ’25. In the deal valued at $6.74 per share,9,570 shares were sold. As a result of this transaction, Shasta Theodore now holds 61,794 shares worth roughly $0.44 million.
Then, Shasta Theodore sold 11,261 shares, generating $69,030 in total proceeds. Upon selling the shares at $6.13, the Director now owns 71,364 shares.
Before that, VAUGHAN RICHARD C sold 9,000 shares. MBIA Inc shares valued at $59,310 were divested by the Director at a price of $6.59 per share. As a result of the transaction, VAUGHAN RICHARD C now holds 65,635 shares, worth roughly $0.47 million.
Keefe Bruyette upgraded its MBIA Inc [MBI] rating to an Outperform from a a Mkt perform in a research note published on November 18, 2024; the price target was increased to $9 from $6.50. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Neutral”. Compass Point also remained covering MBI and has increased its forecast on April 21, 2023 with a “Buy” recommendation from previously “Neutral” rating. Compass Point started covering the stock on November 28, 2022. It rated MBI as “a Neutral”.
Price Performance Review of MBI
On Friday, MBIA Inc [NYSE:MBI] saw its stock jump 15.42% to $7.11. Over the last five days, the stock has gained 18.90%. MBIA Inc shares have risen nearly 10.06% since the year began. Nevertheless, the stocks have risen 13.58% over the past one year. While a 52-week high of $7.16 was reached on 01/31/25, a 52-week low of $3.22 was recorded on 01/13/25. SMA at 50 days reached $6.40, while 200 days put it at $5.14.
Levels Of Support And Resistance For MBI Stock
The 24-hour chart illustrates a support level at 6.36, which if violated will result in even more drops to 5.62. On the upside, there is a resistance level at 7.54. A further resistance level may holdings at 7.98. The Relative Strength Index (RSI) on the 14-day chart is 65.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.11%. Stochastics %K at 56.52% 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 2025-01-15, dropping by -0.15 million shares to a total of 1.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.76 million shares. There was a decline of -9.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 05, 2018 when Keefe Bruyette began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $7 price target.
