Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American International Group Inc. shares valued at $1,680,000,000 were sold by AMERICAN INTERNATIONAL GROUP, on Sep 19. At $21.00 per share, AMERICAN INTERNATIONAL GROUP, sold 80,000,000 shares. The insider’s holdings dropped to 501,145,000 shares worth approximately $26.2 billion following the completion of this transaction.
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Also, AMERICAN INTERNATIONAL GROUP, purchased 720,000 shares, netting a total of over 18,000,000 in proceeds. Following the buying of shares at $25.00 each, the insider now holds 720,000 shares.
Before that, Fato Luciana had sold 17,000 shares from its account. In a trade valued at $918,170, the EVP, GC, Comms & Govt Affairs traded American International Group Inc. shares for $54.01 each. Upon closing the transaction, the insider’s holdings decreased to 17,000 shares, worth approximately $2.38 million.
As published in a research note from Wolfe Research on February 10, 2022, American International Group Inc. [AIG] has been rated down from an Outperform to a Peer perform and the price target has been revised to $65. This represents a 19.55% premium over Wednesday’s closing price. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of November 19, 2021, Jefferies has initiated its “Hold” rating for AIG. Earlier on August 17, 2021, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for AIG stock.
Analyzing AIG’s Price Performance
On Wednesday, American International Group Inc. [NYSE: AIG] plunged -2.10% to $52.29. The stock’s lowest price that day was $52.28, but it reached a high of $54.25 in the same session. During the last five days, there has been a drop of approximately -3.52%. Over the course of the year, American International Group Inc. shares have dropped approximately -8.04%. Shares of the company reached a 52-week high of $65.73 on 04/21/22 and a 52-week low of $48.40 on 07/14/22. A 50-day SMA is recorded $53.20, while a 200-day SMA reached $57.00. Nevertheless, trading volume fell to 4.9 million shares from 6.37 million shares the previous day.
Support And Resistance Levels for American International Group Inc. (AIG)
According to the 24-hour chart, there is a support level at 51.63, which, if violated, would cause prices to drop to 50.97. In the upper region, resistance lies at 53.60. The next price resistance is at 54.91. RSI (Relative Strength Index) is 43.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 78.66%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is American International Group Inc. subject to short interest?
Stocks of American International Group Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.47 million shares to 7.9 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.37 million shares. A decline of -5.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.46 of the overall float, the days-to-cover ratio (short ratio) decline to 1.46.
Which companies own the most shares of American International Group Inc. (AIG)?
According to The Vanguard Group, Inc. filings, the company currently owns 75,629,825 shares, which is about 9.95% of the total AIG shares outstanding. The investor’s shares have plunged by -1,509,477 from its previous 13-F filing of 77139302.0 shares. With the completion of the sale transaction, T. Rowe Price Associates, Inc.’s stake is now worth $2,205,913,457. BlackRock Fund Advisors reduced a -3.65% interest valued at $1.84 billion while SSgA Funds Management, Inc. sold a -3,732,863 stake. A total of 201,051 shares of American International Group Inc. were sold by Capital Research & Management Co during the quarter, and -1,812,732 were sold by Harris Associates LP. In its current portfolio, Fidelity Management & Research Co holds 18,536,587 shares valued at $959.27 million.