MMC Earnings Miss Tuesday, November 9, 11:46 AM ET, by Market News Video Staff Marsh & McLennan Companies (MMC) posted a 24% decline in third quarter earnings today, and ...
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EV Downgraded to Sell by Ticonderoga on Growth Concerns Tuesday, November 16, 12:07 PM ET, by Market News Video Staff Ticonderoga Securities downgraded asset management firm Eaton Vance today, from neutral to sell as the ...
CVR Energy Shares Fall on Price of Offering Friday, November 19, 12:22 PM ET, by Market News Video Staff CVR Energy (CVI) shares are falling today after the company announced the pricing of a ...
MBIA Surges on CEO Share Purchases Friday, November 19, 2:15 PM ET, by Market News Video Staff MBIA (MBI) shares are surging Friday following a regulatory filing that disclosed share purchases by ...
In trading on Thursday, shares of MBIA Inc. (NYSE:MBI) crossed below their last reported book value — defined as common shareholder equity per share — of $8.87, changing hands as low as $8.83 per share. MBIA Inc. shares are currently trading down about 1% on the day. The chart below shows the one year performance of MBI shares, versus its 50 and 200 day moving averages:
Looking at the chart above, MBI's low point in its 52 week range is $5.24 per share, with $14.96 as the 52 week high point — that compares with a last trade of $8.86.
According to the ETF Finder at ETF Channel, MBI makes up 2.41% of the SPDR KBW Insurance ETF (AMEX:KIE) which is trading higher by about 0.1% on the day Thursday.
MBI operates in the Insurance Brokers sector, among companies like Everest Re Group Ltd (NYSE:RE) which is off about 0.6% today, and Cincinnati Financial Corp. (NASDAQ:CINF) trading lower by about 0.4%. Below is a three month price history chart comparing the stock performance of MBI, versus RE and CINF.
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