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 $936,000,000 were sold by AMERICAN INTERNATIONAL GROUP, on Nov 07 ’24. At $31.20 per share, AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares. The insider’s holdings dropped to 249,238,898 shares worth approximately $18.94 billion following the completion of this transaction.
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Also, Inglis John C purchased 7 shares, netting a total of over 520 in proceeds. Following the buying of shares at $72.76 each, the insider now holds 673 shares.
Before that, AMERICAN INTERNATIONAL GROUP, had sold 5,000,000 shares from its account. In a trade valued at $144,300,000, the 10% Owner traded American International Group Inc shares for $28.86 each. Upon closing the transaction, the insider’s holdings decreased to 5,000,000 shares, worth approximately $21.22 billion.
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 0.30%. Over the course of the year, American International Group Inc shares have jumped approximately 12.15%. 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 $75.44, while a 200-day SMA reached $75.23. Nevertheless, trading volume fell to 4.11 million shares from 4.0 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 74.93, which, if violated, would cause prices to drop to 73.87. In the upper region, resistance lies at 76.64. The next price resistance is at 77.29. RSI (Relative Strength Index) is 50.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 64.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
