MBIA Inc (MBI): Today's Featured Insurance Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.MBIA (MBI) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day down 0.4%. By the end of trading, MBIA rose $0.23 (1.7%) to $13.97 on light volume. Throughout the day, 1,841,735 shares of MBIA exchanged hands as compared to its average daily volume of 5,230,100 shares. The stock ranged in a price between $13.64-$14.03 after having opened the day at $13.82 as compared to the previous trading day's close of $13.74. Other companies within the Insurance industry that increased today were: Eastern Insurance Holdings (EIHI), up 6.1%, First Acceptance Corporation (FAC), up 2.8%, American International Group (AIG), up 2.7% and Independence Holding Company (IHC), up 1.6%.
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