Shares of American International Group (AIG) Sees Large Outflow of Money

American International Group (AIG): The stock had negative money flow to the tune of ($7.45 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $41.86 million, whereas, the outflow of money on downticks was $49.3 million and the ratio between the two was 0.85. The block trade had a negative net money flow of ($4.38 million). The total block trade value undertaken on upticks was $7.16 million. On the other hand, downticks amounted to $11.55 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.62. American International Group (AIG) closed with marginal gains of 59 cents to end the day at $54.4, an increase of 1.1% over the previous days close. The stock recorded 2.62% for the week.


The stock has recorded a 20-day Moving Average of 3.49% and the 50-Day Moving Average is 0.52%. Shares have dropped -16.17% 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 Jun 27, 2016. The 50-Day Moving Average price is $54.53 and the 200 Day Moving Average price is recorded at $54.74.

American International Group (NYSE:AIG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.43 and $54.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.40, notching a gain of 1.10% for the day. The total traded volume was 5,614,762 . The stock had closed at $53.81 on the previous day.

In an insider trading activity, Fisher Peter R., director of American International Group Inc had purchased 4,280 shares on May 5, 2015 in a transaction. The price per share was $57.99 and the total amount of the disclosed transaction was $248,197.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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