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Recent Insider Activity Suggests Potential Gains for American International Group Inc (AIG)

American International Group Inc’s recent filing unveils that its Director Inglis John C acquired Company’s shares for reported $50002.0 on Nov 26 ’24. In the deal valued at $75.76 per share,660 shares were bought. As a result of this transaction, Inglis John C now holds 1,333 shares worth roughly $0.1 million.

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Then, AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares, generating $936,000,000 in total proceeds. Upon selling the shares at $31.20, the 10% Owner now owns 249,238,898 shares.

Before that, Inglis John C bought 7 shares. American International Group Inc shares valued at $520 were divested by the Director at a price of $72.76 per share. As a result of the transaction, Inglis John C now holds 673 shares, worth roughly $51154.73.

BMO Capital Markets downgraded its American International Group Inc [AIG] rating to a Market perform from a an Outperform in a research note published on October 15, 2024; the price target was decreased to $84 from $90. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “an Overweight”. Barclays began covering AIG with “an Overweight” recommendation on September 05, 2024. HSBC Securities revised its rating on May 15, 2024. It rated AIG as “a Hold” which previously was an “a Buy”.

Price Performance Review of AIG

On Monday, American International Group Inc [NYSE:AIG] saw its stock fall -1.13% to $76.01. Over the last five days, the stock has lost -0.07%. American International Group Inc shares have risen nearly 12.19% since the year began. Nevertheless, the stocks have risen 15.50% over the past one year. While a 52-week high of $80.83 was reached on 05/10/24, a 52-week low of $64.81 was recorded on 01/18/24. SMA at 50 days reached $75.79, while 200 days put it at $75.44.

Levels Of Support And Resistance For AIG Stock

The 24-hour chart illustrates a support level at 75.57, which if violated will result in even more drops to 75.13. On the upside, there is a resistance level at 76.83. A further resistance level may holdings at 77.64. The Relative Strength Index (RSI) on the 14-day chart is 49.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.46%. Stochastics %K at 68.58% indicates the stock is a holding.

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 2024-11-15, growing by 0.68 million shares to a total of 10.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 9.37 million shares. There was a rise of 6.76%, which implies that there is a positive sentiment for the stock.

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