American International Group (AIG) : Traders are bullish on American International Group (AIG) as it has outperformed the S&P 500 by a wide margin of 8.78% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.56% in the last 1 week, and is up 11.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $58.25 and $58.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.10, notching a gain of 2.59% for the day. The total traded volume was 5,961,938 . The stock had closed at $57.61 on the previous day.
The stock has recorded a 20-day Moving Average of 8.19% and the 50-Day Moving Average is 8.55%. American International Group, Inc. is up 7.98% in the last 3-month period. Year-to-Date the stock performance stands at -3.49%.
American International Group (AIG) : The highest level American International Group (AIG) is projected to reach is $67 for the short term and the lowest estimate is at $53. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $60.78 and the possibility the share price can swing is $4.29.
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.