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 $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 $39.88 million following the completion of this transaction.
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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 $25.58 billion.
As published in a research note from HSBC Securities on May 15, 2024, American International Group Inc [AIG] has been rated down from a Buy to a Hold and the price target has been revised to $86. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of January 10, 2024, TD Cowen has initiated its “Market perform” rating for AIG.
Analyzing AIG Stock Performance
During the last five days, there has been a surge of approximately 0.01%. Over the course of the year, American International Group Inc shares have jumped approximately 16.47%. Shares of the company reached a 52-week high of $80.83 on 05/10/24 and a 52-week low of $66.06 on 01/18/24. A 50-day SMA is recorded $76.82, while a 200-day SMA reached $67.81. Nevertheless, trading volume fell to 2.74 million shares from 2.94 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 78.43, which, if violated, would cause prices to drop to 77.94. In the upper region, resistance lies at 79.46. The next price resistance is at 80.00. RSI (Relative Strength Index) is 55.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 41.65%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
