Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why MBIA Stock Dropped 14.5% This Week

TheMotleyFool

0 0

Why MBIA Stock Dropped 14.5% This Week: https://g.foolcdn.com/editorial/images/702268/a-business-person-looking-off-deep-in-thought.jpg

MBIA (NYSE: MBI) saw its share price plummet 14.5% this week through Sept. 22, according to data provided by S&P Global Market Intelligence. It closed on Thursday at $9.75 and was trending lower in early trading on Friday. Year to date, the stock price is down about 40%.

Overall, it was a negative week as the S&P 500 fell 2.9% through Thursday.

MBIA provides insurance for bonds, primarily municipal, as well as fixed-income investment management. It is one of the leading bond insurers in the United States.

Source Fool.com

Like: 0

MBI

Share