Large Outflow of Money Witnessed in American International Group

American International Group (AIG) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (4.09 million) in American International Group (AIG). On Wednesday, The value of composite uptick trades was $26.33 million, whereas, the value of composite downtick trades was $30.42 million and the ratio between the two was 0.87, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.57 million. $3.75 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.82. The negative money flow of ($0.82 million) shows selling on strength. American International Group (AIG) gained $0.81 intraday at $59.32 and registrered 1.38% for the week.

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Shares of American International Group, Inc. rose by 2.43% in the last five trading days and 0.66% for the last 4 weeks. American International Group, Inc. is up 16.25% in the last 3-month period. Year-to-Date the stock performance stands at -2.31%.

American International Group (AIG) : The consensus on American International Group (AIG) based on 12 analyst recommendation on the company stock is 2.08, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

American International Group (NYSE:AIG): The stock opened at $58.78 and touched an intraday high of $59.53 on Wednesday. During the day, the stock corrected to an intraday low of $58.64, however, the bulls stepped in and pushed the price higher to close in the green at $59.5 with a gain of 1.69% for the day. The total traded volume for the day was 6,052,659. The stock had closed at $58.51 in the previous trading session.

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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