Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. American International Group Inc shares valued at $25,265,116 were sold by Zaffino Peter on Mar 15 ’24. At $75.87 per share, Zaffino Peter sold 333,000 shares. The insider’s holdings dropped to 505,420 shares worth approximately $37.89 million following the completion of this transaction.
Also, Inglis John C purchased 659 shares, netting a total of over 49,682 in proceeds. Following the buying of shares at $75.39 each, the insider now holds 659 shares.
Before that, AMERICAN INTERNATIONAL GROUP, had sold 6,210,256 shares from its account. In a trade valued at $135,073,068, the 10% Owner traded American International Group Inc shares for $21.75 each. Upon closing the transaction, the insider’s holdings decreased to 6,210,256 shares, worth approximately $24.31 billion.
As published in a research note from BofA Securities on February 20, 2024, American International Group Inc [AIG] has been rated down from a Buy to a Neutral and the price target has been revised to $77 from $75. Analysts at TD Cowen started covering the stock with ‘”a Market perform”‘ outlook in a report released in early January. Earlier on December 28, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for AIG stock.
Analyzing AIG Stock Performance
During the last five days, there has been a surge of approximately 3.29%. Over the course of the year, American International Group Inc shares have jumped approximately 10.66%. Shares of the company reached a 52-week high of $78.95 on 04/03/24 and a 52-week low of $66.06 on 01/18/24. A 50-day SMA is recorded $74.34, while a 200-day SMA reached $65.98. Nevertheless, trading volume fell to 2.68 million shares from 3.01 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 74.51, which, if violated, would cause prices to drop to 74.06. In the upper region, resistance lies at 75.28. The next price resistance is at 75.60. RSI (Relative Strength Index) is 50.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 48.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
