American International Group Inc’s recent filing unveils that its 10% Owner AMERICAN INTERNATIONAL GROUP, unloaded Company’s shares for reported $3.84 billion on Dec 09 ’24. In the deal valued at $31.47 per share,121,956,256 shares were sold. As a result of this transaction, AMERICAN INTERNATIONAL GROUP, now holds 127,282,642 shares worth roughly $9.25 billion.
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Then, Inglis John C bought 660 shares, generating $50,002 in total proceeds. Upon buying the shares at $75.76, the Director now owns 1,333 shares.
Before that, AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares. American International Group Inc shares valued at $936,000,000 were divested by the 10% Owner at a price of $31.20 per share. As a result of the transaction, AMERICAN INTERNATIONAL GROUP, now holds 249,238,898 shares, worth roughly $18.12 billion.
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 Friday, American International Group Inc [NYSE:AIG] saw its stock jump 2.25% to $72.69. Over the last five days, the stock has lost -0.25%. American International Group Inc shares have risen nearly 7.29% since the year began. Nevertheless, the stocks have risen 9.11% over the past one year. While a 52-week high of $80.83 was reached on 05/10/24, a 52-week low of $65.78 was recorded on 01/18/24. SMA at 50 days reached $75.62, while 200 days put it at $75.53.
Levels Of Support And Resistance For AIG Stock
The 24-hour chart illustrates a support level at 71.08, which if violated will result in even more drops to 69.48. On the upside, there is a resistance level at 73.86. A further resistance level may holdings at 75.04. The Relative Strength Index (RSI) on the 14-day chart is 44.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.86%. Stochastics %K at 18.33% indicates the stock is a buying.
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 2024-11-29, growing by 1.64 million shares to a total of 9.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 8.29 million shares. There was a rise of 16.48%, which implies that there is a positive sentiment for the stock.
