American International Group (AIG) Completes 1-for-20 Reverse Stock Split

July 1, 2009 12:54 PM EDT

American International Group, Inc. (NYSE: AIG) completes 1-for-20 reverse stock split. However, shares are actually down on the day...now trading at $18.73.

Shares have fallen from an intraday high of $22.96, all the way down to $18.51, before bouncing back slightly.[SM]


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Comments

Reverse Stock Split
Un Loco on Jul 13, 2009 12:24 AM

Would you rather have them de-listed?

AIG Disaster
Bob Cleveland on Jul 5, 2009 09:31 PM

It blows my mind how a bunch of ruthless and greedy folks can destroy what was once a fine insurance company. SOMEONE SHOULD BE CONSIDERED AS A PROSPECT FOR MADOFF'S ROOMMATE OVER THIS!!

20 for 1 Reverse Stock Split
Elzer Fuller on Jul 1, 2009 02:23 PM

What a dumb move....now watch it go down even more. I had thought about buying 100,000 shares about 2 weeks ago.....glad I didn't cause now I would only have 5000 shares at the inflated price of $18-19


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