MBIA, Inc. (MBI) Ramps Above Key Level on Volume

January 4, 2013 3:28 PM EST
MBIA, Inc. (NYSE: MBI) shares are showing a showing a hyperbolic move above the $9 level Friday afternoon. Shares are up 11 percent on the session into the final half-hour of trading.

Now specific word is out on the stock, but volume of 5 million shares is nearly twice the average daily volume.

A similar move is being seen on mortgaging-insuring peer Assured Guaranty (NYSE: AGO), though the activity isn't as pronounced.

Short interest on MBIA shares is about 12.8 percent of float

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