After-Hours Spike: MBIA (MBI)… and even Ambac (ABK) & PMI Group (PMI)

Posted in General 
May 11th, 2009

MBIA Inc. (NYSE: MBI) is surging in after-hours trading by 16% at almost $8.00 per share on almost 800,000 shares as of 5:29 PM EST.  This is on the heels of a report that the company managed to post a profit for the quarter.  This is strong enough that it also has Ambac Financial Group (NYSE: ABK) on the move.  Even that little one everyone loves to hate, The PMI Group, Inc. (NYSE: PMI) because of charging personal mortgage insurance to those getting a mortgage without enough equity, is up 4.2% along with these two. -JON OGG

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