Volume Spike Investor

MBIA Inc. (NYSE: MBI) is trading up this morning after it got crushed yesterday.  The rise is after Third Avenue Management, home of M.J.Whitman, announced a stake of 5.4+ million or 2.64%.  Shares are up almost 4% at $3.66 on right at 100,000 shares as of 8:48 AM EST.  This is on the heels of the company noting that it may need to file bankruptcy protection, which is one hell of a feat considering that MBIA is supposed to be a bond insurer…. Average volume is almost 9 million shares but this traded over 39 million shares yesterday as shares fell from $4.80 to $3.52.

JON OGG