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 $520 were purchased by Inglis John C on Sep 30 ’24. At $72.76 per share, Inglis John C acquired 7 shares. The insider’s holdings grew to 673 shares worth approximately $51545.07 following the completion of this transaction.
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Also, AMERICAN INTERNATIONAL GROUP, sold 5,000,000 shares, netting a total of over 144,300,000 in proceeds. Following the sale of shares at $28.86 each, the insider now holds 279,238,898 shares.
Before that, American International Group, had added 5,000,000 shares to its account. In a trade valued at $135,900,000, the 10% Owner bought American International Group Inc shares for $27.18 each.
As published in a research note from BMO Capital Markets on October 15, 2024, American International Group Inc [AIG] has been rated down from an Outperform to a Market perform and the price target has been revised to $84 from $90. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early October. As of September 05, 2024, Barclays has initiated its “an Overweight” rating for AIG. Earlier on May 15, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Hold” for AIG stock which previously was a “a Buy”.
Analyzing AIG Stock Performance
During the last five days, there has been a surge of approximately 0.94%. Over the course of the year, American International Group Inc shares have jumped approximately 13.05%. 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 $75.17, while a 200-day SMA reached $74.92. Nevertheless, trading volume fell to 4.98 million shares from 7.2 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 75.93, which, if violated, would cause prices to drop to 75.27. In the upper region, resistance lies at 77.19. The next price resistance is at 77.78. RSI (Relative Strength Index) is 52.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 52.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
