Boston, MA 09/27/2013 (wallstreetpr) – In Thursday’s trading, MBIA Inc (NYSE:MBI) stock dropped by 2.96%. The opening price of the shares was $11.13 which climbed to an intraday high of $11.28 and dropped to a close of $10.81. Approximately 3.28 million shares were traded on Thursday and an average volume of 2.37 million shares was traded over a 30 day period. The 52- week low of the shares was $6.78 and the 52-week high was $16.15. The company has a market capitalization of 2.09 billion.
MBIA Inc (NYSE:MBI) was incorporated on 12 November 1986. Along with all its consolidated subsidiaries, the company operates the financial-guarantee insurance businesses in this industry. It provides various asset-management advisory services. All these activities are managed via 3 business segments: Structured finance and international insurance, United States public finance insurance and advisory services.
MBIA Inc (NYSE:MBI) U.S public-finance insurance business is operated via the National Public Finance Guarantee Corporation as well as its national subsidiaries. Its structured international insurance and finance business is mainly operated via MBIA Insurance Corporation and also its subsidiaries (MBIA Corp). The company’s asset-management advisory-services business is mainly operated via Cutwater Holdings, LLC as well as its subsidiaries.
The company also manages some business activities via its asset/liability products, corporate and conduit segments. Its corporate segment includes the revenues and expenses that are created from its general corporate activities. Funding programs are managed via the liability/asset products and the conduit segments are in currently in a wind-down mode.
MBIA Corp is also the owner of MBIA UK Insurance Limited. This is a financial-guarantee insurance company. It is regulated & supervised by the Financial Services Authority in the U.K. It is authorized to carry-out its insurance business in the U.K as well as in the ‘European Economic Area’. This is on a cross-border services basis.
Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any content posted on our website is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. WallStreetPR strongly recommends you consult a licensed or registered professional before making any investment decision. Neither WallStreetPR.com nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. WallStreetPR often gets compensated for advertisement services that are disclosed on our disclaimer located at WallStreetPR.com/Disclaimer.