American International Group Inc’s recent filing unveils that its Chairman & CEO Zaffino Peter unloaded Company’s shares for reported $14.9 million on Jun 12 ’24. In the deal valued at $74.52 per share,200,000 shares were sold. As a result of this transaction, Zaffino Peter now holds 505,420 shares worth roughly $37.52 million.
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Then, AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares, generating $876,000,000 in total proceeds. Upon selling the shares at $29.20, the 10% Owner now owns 294,203,636 shares.
Before that, Zaffino Peter sold 333,000 shares. American International Group Inc shares valued at $25,265,116 were divested by the Chairman & CEO at a price of $75.87 per share. As a result of the transaction, Zaffino Peter now holds 505,420 shares, worth roughly $37.52 million.
HSBC Securities downgraded its American International Group Inc [AIG] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. TD Cowen began covering AIG with “Market perform” recommendation on January 10, 2024.
Price Performance Review of AIG
On Friday, American International Group Inc [NYSE:AIG] saw its stock fall -0.97% to $74.24. Over the last five days, the stock has lost -0.87%. American International Group Inc shares have risen nearly 9.58% since the year began. Nevertheless, the stocks have risen 31.49% over the past one year. While a 52-week high of $80.83 was reached on 05/10/24, a 52-week low of $55.68 was recorded on 01/18/24. SMA at 50 days reached $76.65, while 200 days put it at $69.91. A total of 9.22 million shares were traded, compared to the trading of 3.53 million shares in the previous session.
Levels Of Support And Resistance For AIG Stock
The 24-hour chart illustrates a support level at 73.54, which if violated will result in even more drops to 72.85. On the upside, there is a resistance level at 75.01. A further resistance level may holdings at 75.79. The Relative Strength Index (RSI) on the 14-day chart is 41.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.97%. Stochastics%K at 44.87% indicates the stock is a holding.
The most recent change occurred on December 28, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $86 price target.
