In trading on Wednesday, shares of MBIA Inc. (Symbol: MBI) crossed above their 200 day moving average of $12.09, changing hands as high as $12.32 per share. MBIA Inc. shares are currently trading up about 4.5% on the day. The chart below shows the one year performance of MBI shares, versus its 200 day moving average:
Looking at the chart above, MBI's low point in its 52 week range is $9.58 per share, with $15.26 as the 52 week high point - that compares with a last trade of $12.21.
MBI makes up 1.74% of the SPDR S&P Mortgage Finance ETF (Symbol: KME)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.