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MBIA Surges on CEO Share Purchases

By Market News Video Staff, Friday, November 19, 2:15 PM ET

MBIA (NYSE:MBI) shares are surging Friday following a regulatory filing that disclosed share purchases by CEO Jay Brown. Brown bought 100,000 shares of the firm, at $10 each. The shares are trading higher by more than 6.5% today.

MBIA is a 3.10% holding of the SPDR KBW Insurance ETF (AMEX:KIE) which includes top holdings like Metlife (NYSE:MET) at 7.98% of the portfolio, Aflac (NYSE:AFL) at 7.78%, and Prudential Financial (NYSE:PRU) at 6.28%.


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This Article's Word Cloud:   AMEX   Aflac   Brown   Financial   Flexible   Friday   Insurance   Investment   MBIA   Metlife   NYSE   Portfolio   Prudential   allocation   allows   asset   bonds   bought   classes   commodities   complete   completely   countries   designed   disclosed   even   filing   firm   flexibility   flexible   follow   following   growth   guidelines   higher   holdings   includes   investors   leads   performance   portfolio   program   purchases   regions   share   shares   short   stocks   terms   today
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