Downside in AIG Intensifies as Stock Giving Back Key Technical Levels (AIG)
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Price: $76.54 +1.04%
Rating Summary:
16 Buy, 22 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
16 Buy, 22 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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This morning's downside in shares of AIG (NYSE: AIG) has intensified in the last few minutes of trading as the stock has now broken below the $32 level for the first time since the end of August.
After gapping about 2% lower on the back of a Bernstein price target reduction, shares of AIG began sinking sharply following the stocks move under and retest of the $32 psychological barrier. Since this price action, the stock has fallen another 7% and is now trading around $30.18.
Volume in the stock is heavy: it has already traded hands nearly 15 million times, which compares to the stock's 30-day average volume of about 21 million shares.
Today's decline marks the fourth day in a row that shares of AIG have moved lower.
To see all the analyst calls which could be moving the stock, visit our Analyst Ratings page.
After gapping about 2% lower on the back of a Bernstein price target reduction, shares of AIG began sinking sharply following the stocks move under and retest of the $32 psychological barrier. Since this price action, the stock has fallen another 7% and is now trading around $30.18.
Volume in the stock is heavy: it has already traded hands nearly 15 million times, which compares to the stock's 30-day average volume of about 21 million shares.
Today's decline marks the fourth day in a row that shares of AIG have moved lower.
To see all the analyst calls which could be moving the stock, visit our Analyst Ratings page.
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