MBIA Up 13.8% After Court Dismisses Lawsuit (MBI)

Shares of bond insurer MBIA Inc. MBI are currently up 13.8% at $13.97 per share during Tuesday afternoon trading. MBIA Inc's stock price rose after a New York appeals court threw out a lawsuit filed by a group of banks against the company that were challenging the company's restructuring plan. Today's trading range for shares of MBIA Inc. (MBI) has been between $12.24 and a 52-week high of $14.96 per share. The consensus price target of analysts covering the company's stock is $12.00 per share. Volume of 25.5 million shares is already nearly 5 times the daily average volume of 5.5 million shares. Read more from Benzinga's Company news.