Shares of MBIA Inc. (NYSE:MBI) [Trend Analysis] runs in leading trade, it moving down -2.59% to traded at $7.53. The firm has price volatility of 3.39% for a week and 2.79% for a month. Its beta stands at 2.08 times. MBIA Insurance Corp. (MBI) reported its subsidiary, MBIA UK (Holdings), has entered into an contract to sell MBIA UK Insurance to Assured Guaranty Corp., a subsidiary of Assured Guaranty Ltd. (AGO). The purchase price consists of the transfer to MBIA UK Holdings of notes issued by Zohar II 2005-1 CLO (Zohar II Notes) with an aggregate outstanding principal amount of about $347 million and a cash payment by MBIA UK Holdings to Assured of $23 million. Anthony McKiernan, CFP and President of MBIA Insurance Corp., stated, “As we have before stated, the sale of MBIA UK is one of the elements of our plan to enable MBIA Corp. to address its insurance obligations regarding the Zohar II Notes. The acquisition of the Assured Zohar II Notes reduces MBIA Corp.’s liability under its Zohar II policy and may facilitate our ability to address the remaining Zohar II Notes on or before their maturity.” Narrow down four to firm performance, its weekly performance was -5.16% and monthly performance was -5.99%. The stock price of MBI is moving down from its 20 days moving average with -3.47% and isolated negatively from 50 days moving average with -6.04%.
Several matter pinch shares of Himax Technologies, Inc. (NASDAQ:HIMX) [Trend Analysis], as shares surging 1.57% to $8.43 with a share volume of 6.26 Million. Himax Technologies, Inc. (HIMX) reiterated its third-quarter guidance and business outlook for the remainder of 2016. The firm is confident that the overall business prospects remain intact as CEO reiterated during the last earnings call.
Himax Technologies remains positive about its future prospects and technical feasibility of the AR/VR business. The firm stated it continues to work with 30+ consumers for various AR devices using LCOS microdisplay and/or WLO with the list of consumer still growing. The stock is going forward its 52-week low with 48.19% and moving down from its 52-week high price with -28.75%. To have technical analysis views, liquidity ratio of a firm was calculated 2.00 as evaluated with its debt to equity ratio of 0.31. The float short ratio was 12.39%, as compared to sentiment indicator; Short Ratio was 5.26.