The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. American International Group Inc shares valued at $200,000,012 were sold by AMERICAN INTERNATIONAL GROUP, on Aug 07 ’24. At $24.90 per share, AMERICAN INTERNATIONAL GROUP, sold 8,032,129 shares. The insider’s holdings dropped to 284,238,898 shares worth approximately $21.25 billion following the completion of this transaction.
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Also, Kevin Hogan purchased 450,697 shares, netting a total of over 32,265,398 in proceeds.
Before that, CORNWELL W DON had added 1,000 shares to its account. In a trade valued at $77,980, the Former Director bought American International Group Inc shares for $77.98 each.
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 1.83%. Over the course of the year, American International Group Inc shares have jumped approximately 10.35%. 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 $74.83, while a 200-day SMA reached $72.52. Nevertheless, trading volume fell to 2.72 million shares from 2.82 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 74.43, which, if violated, would cause prices to drop to 74.09. In the upper region, resistance lies at 75.08. The next price resistance is at 75.39. RSI (Relative Strength Index) is 52.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.71, which suggests the price will increase in the coming days. Percent R is at 4.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
