Alert: Major Price Decline (12/26/23)-MBIA Inc. (NYSE: MBI).

On 12/26/23, MBIA Inc. (NYSE: MBI) stock suffered a major decline of -53.0%, closing at $6.67. Moreover, trading volume in this decline was exceptionally high at 529% of normal. The stock has declined -51.6% during the last week and has performed in line with the market over the last nine months.

With future capital returns forecasted to be below the cost of capital, MBI is expected to be a major Value Eraser.
MBIA is currently unrated.
The stock is currently unrated.