MBIA Jumps Over 10% As Bruce Takes Stake

Shares of MBIA Inc MBI moved up about 10% today in early market trade after the news of top fund manager Bruce Berkowitz taking an 11% stake in the company hit the market. While MBI’s shares have lost 20.62% over the past three months, they have gained 14.62% over the past week. MBI was up 11.20% to $7.15 at 9:46 am. Read more from Benzinga's Company news.