Ambac Financial Group, Inc. (AMBC) shares are experiencing an uptick today, likely influenced by recent institutional activity and analyst upgrades. State Street Corp's recent filing revealed an increase in its holdings of Ambac Financial by 2.6% during the third quarter, adding 42,504 shares to its portfolio. This move signifies growing confidence among institutional investors in Ambac's potential. Additionally, Roth Mkm upgraded Ambac Financial Group from a "neutral" rating to a "buy," which may have further bolstered investor sentiment.
Ambac Financial Group's stock is currently trading at $12.13, reflecting a 1.08% increase from its previous close of $12.00 and a 0.66% rise from its opening price of $12.05.