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MBIA Inc. (NYSE:MBI): The company stock is currently trading at $9.01, up 7.78 percent from its previous close of $8.36. MBIA Inc. stock rose on the news of the company avoiding default on its bonds. The company reported that it changed terms attached to these bonds to avert the default.
MBIA Inc. is currently embroiled in a legal tussle with Bank of America Corp., which tried to foil the bond insurer’s attempts to change the terms by offering to purchase some of its bonds. While Bank of America claims that the change in terms would jeopardize its stake, MBIA Inc. counterclaims that Bank of America owes it the money over bad mortgage cases. In current trading session, the stock had opened at $8.91 and has traded in the range of $8.75 and $9.18 in the current trading session. MBIA Inc. stock commands the beta of 1.89.
Barclays PLC (NYSE:BCS): The banking stock is down on the news of Qatar Holdings selling Barclays Warrants. The deal is said to be worth $1.2 billion. Qatar Holding bought the warrants during the financial crisis and had the option to exchange them for stock. Barclays stock is currently trading at $15.29, down 6.06 percent from its previous close of $16.28. The stock is trading at the beta of 2.67. Despite the stake sale, Qatar Holding said that it would continue to support Barclays. The company stock has traded in the range of $9.23 and $16.41 in the past 52 weeks. However, the stock is trading below its 20 days moving average price of $15.31 and 50 days moving average price of $15.38. Barclays has been hit by a number of scandals in the recent past and the company is looking to restructure its business. The bank is now looking to focus on wealth management function while paring off its investment bank unit.
3D Systems Corp. (NYSE:DDD): The company announced the launch of its next generation 3D printers. The new printers can offers high definition printing and remote operation control. The company stock has been doing good lately after facing the slump due to allegation related to its accounting irregularities. The stock is currently trading at $45.32, up 8.58 percent from its previous close of $41.74. The stock is trading at the Price Earnings ratio of 66.21. It has traded in the range of $14.30 and $46.92 in the past 52 weeks. 3D Systems Corp. also recently filed patent infringement case against Kickstarter and Formlabs. Both the companies allegedly infringed on 3D Systems’ patent related to the stereolithography process. The company is looking for damages and injunctive relief. Meanwhile, the stock is trading above its 20 days moving average price of $45.07 and 50 days moving average price of $44.47.
Facebook Inc. (NASDAQ:FB): The social networking stock is making moves nowadays. In current trading session, the stock is up 8.13 percent from its previous close of $24. It traded in the range of $24.81 and $25.99 in the current trading session and is now at $25.94. However, the stock is trading above its 20 days moving average price of $25.86 and 50 days moving average price of $25.81. The company stock received ratings upgrade from Bernstein Research. Facebook is now rated Outperformer, up from market performer. Bernstein Research also raised the price target for the stock to $33, up from $23. The stock is trading at the Price Earnings ratio of 133.89. It has traded in the range of $17.55 and $45.00 in the past 52 weeks. The research firm also claimed that the social networking company is on the revenue growth trajectory and is likely to draw its revenue from new ventures and mobile advertisement.
UBS AG (NYSE:UBS): The stock is down and the banking company is grappling with its trader problems in London. The company has been fined $47.6 million by UK regulators over its $2.3 billion trading losses. UBS AG has also been asked by Swiss regulators to shore up its capital levels. The stock is currently trading at $15.60, down 1.64 percent from its previous close of $15.86. It has traded in the range of $15.59 and $15.73 in the current trading session. The British regulator also said that various weaknesses were found in the company’s procedures and management systems. The stock is trading at the beta of 1.53. However, the stock is trading below its 20 days moving average price of $15.61 and 50 days moving average price of $15.64.
