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

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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.

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Current PriceTarget Research Rating

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.

Rating Review

The stock is currently unrated.

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