MBIA (MBI) NewsBite - MBI Up Sharply Ahead Of Monday's Earnings

Posted: Friday, November 06, 2009 2:19 PM EDT

MBIA (NYSE: MBI) opened at $4.07. So far today, the stock has hit a low of $4.01 and a high of $4.31. MBI is now trading at $4.28, up $.20 (4.9%). The stock hit its 52-Week high of $8.54 last November and set its 52-Week low of $2.17 in March. The stock is trading higher ahead of Monday's earnings report. Analysts are expecting the company to show a loss of $1.05 per share, verse a $2.22 loss for the same period last year. Technical indicators for the stock are neutral and S&P gives MBI a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for MBI. [ABR-Seven Summits Strategic Investments NewsBite]

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