American International Group (NYSE:AIG) has witnessed a drop of 7.5% or 1,249,541 shares in its short figure. The short interest diminution took it from 16,579,095 on May 31,2016 to 15,329,554 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.4%. The days to cover are 2 given that the daily volume averaged 6,484,116 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
American International Group (NYSE:AIG): The stock opened at $52.07 on Friday but the bulls could not build on the opening and the stock topped out at $52.73 for the day. The stock traded down to $50.64 during the day, due to lack of any buying support eventually closed down at $50.72 with a loss of -7.29% for the day. The stock had closed at $54.71 on the previous day. The total traded volume was 14,909,045 shares.
The company shares have dropped -17.65% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $64.93 and the one year low was seen on Feb 29, 2016. The 50-Day Moving Average price is $55.79 and the 200 Day Moving Average price is recorded at $55.52.
American International Group (NYSE:AIG) has tumbled 5.05% during the past week and has dropped 13.03% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.48%. American International Group (NYSE:AIG) has underperformed the index by 10.4% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.