Traders Buy High Volume of MBIA Call Options (NYSE:MBI)

MBIA Inc. (NYSE:MBI - Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock investors bought 2,548 call options on the stock. This represents an increase of 316% compared to the average volume of 612 call options.

MBIA Price Performance

Shares of MBI traded up $0.04 during midday trading on Friday, reaching $6.02. 1,362,823 shares of the stock were exchanged, compared to its average volume of 468,619. MBIA has a twelve month low of $3.22 and a twelve month high of $14.37. The company has a market capitalization of $307.20 million, a price-to-earnings ratio of -0.53 and a beta of 1.41. The business's 50-day moving average price is $3.87 and its 200 day moving average price is $4.62.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC grew its position in MBIA by 279.1% in the 3rd quarter. Barclays PLC now owns 58,406 shares of the insurance provider's stock valued at $209,000 after buying an additional 42,998 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in shares of MBIA in the third quarter valued at about $173,000. Jane Street Group LLC increased its stake in shares of MBIA by 70.5% during the third quarter. Jane Street Group LLC now owns 78,814 shares of the insurance provider's stock worth $281,000 after acquiring an additional 32,591 shares during the period. Whitebox Advisors LLC increased its stake in shares of MBIA by 6.3% during the third quarter. Whitebox Advisors LLC now owns 844,431 shares of the insurance provider's stock worth $3,015,000 after acquiring an additional 50,000 shares during the period. Finally, State Street Corp raised its holdings in MBIA by 3.6% during the third quarter. State Street Corp now owns 1,015,523 shares of the insurance provider's stock worth $3,625,000 after purchasing an additional 35,104 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm dropped their price objective on shares of MBIA from $7.00 to $4.50 and set a "neutral" rating for the company in a report on Wednesday, August 7th.

MBIA Company Profile

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.