Large Inflow of Money Detected in American International Group

American International Group (AIG) : The money flow analysis of American International Group (AIG) indicates a $1.3 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $3.33 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.56 and so was the total money flow at $2.03 million. The bulls lapped up $2.24 million worth of block trades on upticks. The money flow was $2.24 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of American International Group (AIG), pushing it down by -0.19% for the day. The stock slid $0.11 and traded at $54.36 during the day. Nonetheless, the stock is -0.16% over the previous weeks close.


Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of American International Group (NYSE:AIG). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $66 per share from a prior target of $69. The rating by the firm was issued on July 7, 2016.

American International Group (NYSE:AIG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.58 and $54.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.57, notching a gain of 0.20% for the day. The total traded volume was 3,680,616 . The stock had closed at $54.46 on the previous day.

The stock has recorded a 20-day Moving Average of 3.46% and the 50-Day Moving Average is 0.15%. 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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