MBIA (NYSE:MBI) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

MBIA Inc. (NYSE:MBI - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.37 and traded as high as $7.07. MBIA shares last traded at $6.85, with a volume of 236,232 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on MBI. StockNews.com downgraded shares of MBIA from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded shares of MBIA from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $6.50 to $9.00 in a report on Monday, November 18th.

MBIA Price Performance

The firm has a market cap of $363.59 million, a P/E ratio of -0.63 and a beta of 1.62. The stock's 50 day moving average is $6.38 and its two-hundred day moving average is $4.97.

Insider Activity at MBIA

In other news, Director Theodore Shasta sold 11,261 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $6.13, for a total transaction of $69,029.93. Following the sale, the director now owns 71,364 shares in the company, valued at approximately $437,461.32. This represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard C. Vaughan sold 9,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $6.59, for a total value of $59,310.00. Following the sale, the director now owns 65,635 shares in the company, valued at $432,534.65. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,831 shares of company stock valued at $192,842 in the last 90 days. 12.58% of the stock is owned by corporate insiders.

Institutional Trading of MBIA

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in MBIA by 26.6% in the third quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider's stock valued at $35,000 after acquiring an additional 2,090 shares during the last quarter. Seelaus Asset Management LLC acquired a new position in MBIA in the third quarter valued at about $45,000. Quantbot Technologies LP lifted its stake in MBIA by 476.5% in the third quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider's stock valued at $51,000 after buying an additional 11,784 shares during the period. Sanctuary Advisors LLC acquired a new position in MBIA in the second quarter valued at about $83,000. Finally, K2 Principal Fund L.P. acquired a new position in MBIA in the third quarter valued at about $173,000. Institutional investors own 60.95% of the company's stock.

About MBIA

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.