Shares of American International Group (AIG) Rally 2.7%

American International Group (AIG) has been under a strong bear grip, hence the stock is down -2.36% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.19% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.7% in the last 1 week, and is up 1.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.48% and the 50-Day Moving Average is 0.4%.

American International Group (NYSE:AIG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.62 and $54.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.44, notching a gain of 0.07% for the day. The total traded volume was 4,694,068 . The stock had closed at $54.40 on the previous day.


The company Insiders own 1.04% of American International Group shares according to the proxy statements. Institutional Investors own 85.66% of American International Group shares. In a related news, Fisher Peter R., director of American International Group Inc, executed a transaction worth $248,197 on May 5, 2015. A total of 4,280 shares were purchased at an average price of $57.99. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

American International Group, Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. Its various offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. The Companys AIG Global Benefits Network provides administrative and marketing services to insurance companies offering benefit solutions to multinational employers. AIG Global Benefits Network can develop global benefit plan solutions for multinational clients by tapping the coverage options offered by carriers throughout the network. AIG operates through two segments: Commercial Insurance and Consumer Insurance. Commercial Insurance is a provider of insurance products and services for commercial and institutional customers.

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