Why MBIA Stock Dropped 14.5% This Week

·2 min read
Why MBIA Stock Dropped 14.5% This Week

MBIA (NYSE: MBI) saw its share price plummet 14.5% this week through Sept. 22, according to data provided by S&P Global Market Intelligence. Year to date, the stock price is down about 40%. MBIA provides insurance for bonds, primarily municipal, as well as fixed-income investment management.