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Analysts review American International Group Inc’s rating

American International Group Inc’s recent filing unveils that its Director Inglis John C acquired Company’s shares for reported $520.0 on Sep 30 ’24. In the deal valued at $72.76 per share,7 shares were bought. As a result of this transaction, Inglis John C now holds 673 shares worth roughly $-52238.26.

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Then, AMERICAN INTERNATIONAL GROUP, sold 5,000,000 shares, generating $144,300,000 in total proceeds. Upon selling the shares at $28.86, the 10% Owner now owns 279,238,898 shares.

Before that, American International Group, bought 5,000,000 shares. American International Group Inc shares valued at $135,900,000 were divested by the 10% Owner at a price of $27.18 per share.

JP Morgan upgraded its American International Group Inc [AIG] rating to an Overweight from a a Neutral in a research note published on October 10, 2024; the price target was decreased to $89 from $93. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. HSBC Securities also remained covering AIG and has decreased its forecast on May 15, 2024 with a “Hold” recommendation from previously “Buy” rating. BofA Securities revised its rating on February 20, 2024. It rated AIG as “a Neutral” which previously was an “a Buy”.

Price Performance Review of AIG

On Monday, American International Group Inc [NYSE:AIG] saw its stock jump 0.50% to $77.62. Over the last five days, the stock has gained 5.40%. American International Group Inc shares have risen nearly 14.57% since the year began. Nevertheless, the stocks have risen 26.95% over the past one year. While a 52-week high of $80.83 was reached on 05/10/24, a 52-week low of $58.69 was recorded on 01/18/24. SMA at 50 days reached $73.77, while 200 days put it at $74.12.

Levels Of Support And Resistance For AIG Stock

The 24-hour chart illustrates a support level at 77.26, which if violated will result in even more drops to 76.91. On the upside, there is a resistance level at 77.95. A further resistance level may holdings at 78.29. The Relative Strength Index (RSI) on the 14-day chart is 64.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.80%. Stochastics %K at 89.85% indicates the stock is a selling.

How much short interest is there in American International Group Inc?

A steep rise in short interest was recorded in American International Group Inc stocks on 2024-09-30, growing by 1.38 million shares to a total of 10.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.85 million shares. There was a rise of 13.52%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 10, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $78 price target.

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