After-Hours Spike: Berkowitz/Fairholme Show MBIA Stake (MBI)

Posted in after-hours 
July 12th, 2010

MBIA Inc. (NYSE: MBI) is trading higher in the after-hours session after and SEC filing disclosed that Fairholme Capital Management, L.L.C., run by Bruce Berkowitz, now holds an 11.1% stake or 22,736.200 shares.  If other “HOLDER” filings are accurate and up to date, that would make Berkowitz the largest holder of the common stock compared to to Fidelity’s 19,117,789 shares for a 9.32% stake.

The stock is up 4.2% at $6.70 in the after-hours session and the 52-week range is $3.19 to $10.92.  At 5:01 PM EST, we have seen only 28,613 shares trade since the 4:00 PM EST Closing Bell.

JON C. OGG

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