Strength Seen in Ambac (AMBC): Can Its 17.7% Jump Turn into More Strength?

Ambac Financial Group (AMBC) shares soared 17.7% in the last trading session to close at $8.65. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.2% gain over the past four weeks.Ambac shares surged after the Wisconsin Office of the Commissioner of Insurance scheduled a hearing on the sale of Ambac Assurance Corporation. This is considered one of the final steps in the Wisconsin regulatory approval process. Ambac's president and ...