Volume Spike Investor

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 [...]

Ambac Financial Group Inc. (NYSE: ABK) is soaring this morning in pre-market trading on an S&P upgrade.  The rating was raised to a still dismal “CC.”  Still, anything is better than nothing, particularly when we listed this one as a brand which is likely to disappear in 2010.  Shares are up 18% at $0.96 on [...]

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 [...]

MBIA Inc. (NYSE: MBI) turns out that being in a bad bond insurance business is not good like it was for rival Ambac (ABK) last week.  It posted a lower third-quarter loss, due to a benefit from narrowing credit spreads, of $727.8 million, or -$3.50 EPS.  The company further noted that its incurred losses in [...]

MBIA Inc. (NYSE: MBI) is trading 9,900 calls and 1,804 puts ahead of earnings tonight with ISE Sentiment indicating that the offer side buying in the November $5 calls is mostly new opening buyers, as 7,000 trade against OI of 9,700.  Implied volatility is also jumping 8% to 132 % on the day.  Shares of [...]

MBIA (MBI) is trading down 7% to $7.65 on news that its bond insurance unit has been cut to a junk rating by S&P Douglas A. McIntyre

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 [...]

Ambac Financial Group, Inc. (NYSE: ABK) is being butchered this morning.  The bond insurer posted a monster loss of some $2.43 billion after items in the Q3 period.  This is trading down 25% at $2.54 on almost 14 million shares after only 14 minutes since the stock market opened.  This stock trades an average of [...]

We have quite a different outcome for two key mortgage players this morning.  Ambac Financial Group, Inc. (NYSE: ABK) and Freddie Mac (NYSE: FRE) both reported earnings, yet they are as different as night and day. Ambac is seeing a share gain of about 4% right before the open.  The company actually managed to post [...]

We have seen a severe downward volume spike in trading in the shares of MBIA Inc. (NYSE: MBI) and AMBAC Financial Group Inc. (NYSE: ABK). Today’s action can be chalked up to a Moody’s “review” that may sweep away the bond insurers’ “Aaa” ratings to levels more similar to “Aa” rated. Ambac Financial Group, Inc. [...]