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

American International Group (AIG) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($6.08 million) and the uptick to downtick ratio was 0.84. The transaction value on upticks was $30.88 million and on downticks, the transaction value was $36.96 million. The transaction value of block trades during downticks was $7.15 million. The money flow was negative ($7.15 million), indicating the traders were booking profit on the price strength. American International Group (AIG) rose $0.21 at $59.64, during intraday Tuesday , a rise of 0.35% over the previous days close.


Also, Equity Analysts at the Brokerage Firm, BMO Capital, maintains their rating on the shares of American International Group (NYSE:AIG). BMO Capital has a Market Perform rating on the shares. As per the latest research report, the brokerage house raises the price target to $64 per share from a prior target of $58.86. The rating by the firm was issued on August 22, 2016.

Shares of American International Group, Inc. rose by 1.05% in the last five trading days and 10.02% for the last 4 weeks. American International Group, Inc. is up 3.87% in the last 3-month period. Year-to-Date the stock performance stands at -2.61%.

American International Group (NYSE:AIG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.74 and $59.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.64, notching a gain of 0.35% for the day. The total traded volume was 4,218,481 . The stock had closed at $59.43 on the previous day.

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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