MBIA Inc (MBI): Today's Featured Financial Laggard
(
) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.6%. By the end of trading, MBIA fell $0.17 (-1.2%) to $13.70 on light volume. Throughout the day, 1,071,921 shares of MBIA exchanged hands as compared to its average daily volume of 5,758,100 shares. The stock ranged in price between $13.66-$13.95 after having opened the day at $13.93 as compared to the previous trading day's close of $13.87. Other companies within the Financial sector that declined today were:
(
), down 7.5%,
(
), down 7.1%,
(
), down 6.7% and
(
), down 6.7%.
MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. MBIA has a market cap of $2.6 billion and is part of the insurance industry. Shares are up 72.2% year to date as of the close of trading on Friday. Currently there are no analysts that rate MBIA a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
MBIA
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.
- You can view the full MBIA Ratings Report.
On the positive front,
(
), up 19.0%,
(
), up 17.3%,
(
), up 16.3% and
(
), up 15.6% , were all gainers within the financial sector with
(
) being today's featured financial sector leader.
- Use our financial section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
(
) while those bearish on the financial sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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