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 $144,300,000 were sold by AMERICAN INTERNATIONAL GROUP, on Sep 16 ’24. At $28.86 per share, AMERICAN INTERNATIONAL GROUP, sold 5,000,000 shares. The insider’s holdings dropped to 279,238,898 shares worth approximately $20.47 billion following the completion of this transaction.
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Also, American International Group, purchased 5,000,000 shares, netting a total of over 135,900,000 in proceeds.
Before that, AMERICAN INTERNATIONAL GROUP, had sold 8,032,129 shares from its account. In a trade valued at $200,000,012, the 10% Owner traded American International Group Inc shares for $24.90 each. Upon closing the transaction, the insider’s holdings decreased to 8,032,129 shares, worth approximately $20.83 billion.
As published in their initiating research note from Barclays on September 05, 2024, American International Group Inc [AIG] has been an Overweight and the price target has been revised to $90. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid May. As of February 20, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for AIG. Earlier on January 10, 2024, TD Cowen initiated its rating. Their recommendation was “a Market perform” for AIG stock.
Analyzing AIG Stock Performance
During the last five days, there has been a surge of approximately 1.58%. Over the course of the year, American International Group Inc shares have jumped approximately 8.19%. 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 $74.65, while a 200-day SMA reached $73.41. Nevertheless, trading volume fell to 3.65 million shares from 2.68 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 72.89, which, if violated, would cause prices to drop to 72.47. In the upper region, resistance lies at 73.91. The next price resistance is at 74.52. RSI (Relative Strength Index) is 46.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 63.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
