American International Group Inc’s recently made public that its Chairman & CEO Zaffino Peter unloaded Company’s shares for reported $25.27 million on Mar 15 ’24. In the deal valued at $75.87 per share,333,000 shares were sold. As a result of this transaction, Zaffino Peter now holds 505,420 shares worth roughly $39.67 million.
Then, Inglis John C bought 659 shares, generating $49,682 in total proceeds. Upon buying the shares at $75.39, the Director now owns 659 shares.
Before that, AMERICAN INTERNATIONAL GROUP, sold 6,210,256 shares. American International Group Inc shares valued at $135,073,068 were divested by the 10% Owner at a price of $21.75 per share. As a result of the transaction, AMERICAN INTERNATIONAL GROUP, now holds 324,203,636 shares, worth roughly $25.44 billion.
BofA Securities downgraded its American International Group Inc [AIG] rating to a Neutral from a a Buy in a research note published on February 20, 2024; the price target was increased to $77 from $75. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating. HSBC Securities started covering the stock on December 28, 2023. It rated AIG as “a Buy”.
Price Performance Review of AIG
On Friday, American International Group Inc [NYSE:AIG] saw its stock jump 0.49% to $78.48. Over the last five days, the stock has gained 5.30%. American International Group Inc shares have risen nearly 15.84% since the year began. Nevertheless, the stocks have risen 52.83% over the past one year. While a 52-week high of $79.70 was reached on 05/02/24, a 52-week low of $48.95 was recorded on 01/18/24. SMA at 50 days reached $75.25, while 200 days put it at $66.58. A total of 6.31 million shares were traded, compared to the trading of 6.49 million shares in the previous session.
Levels Of Support And Resistance For AIG Stock
The 24-hour chart illustrates a support level at 76.85, which if violated will result in even more drops to 75.21. On the upside, there is a resistance level at 79.49. A further resistance level may holdings at 80.49. The Relative Strength Index (RSI) on the 14-day chart is 66.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.90%. Stochastics %K at 83.24% indicates the stock is a selling.
