MBIA (MBI) Director Kearney Makes A Big 40,000 Share Bet

September 3, 2008 6:00 PM EDT

MBIA Inc. (NYSE: MBI) Director, Daniel Kearney, bought 40,000 shares on 9/2 at $16.30-$16.31, bringing his stake to 51,808 shares.

Daniel Kearney has served as a Director of MBIA since 1992.

The purchase is interesting as MBI is up 50% in the last five days and 114% in the last month.

MBIA, Inc. provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers, investors, and capital market participants worldwide.


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