AIG Stock Rallying
May 7, 2010 Company News, Stock to watch
Shares of troubled insurer AIG (AIG) are a standout today, after the company this morning reported a 2010 Q1 profit of $1.4 billion, compared to a $4.35 billion loss in the same period a year ago.
At 2:03 PM, the stock is up $3.10 to $39.
Tags: aig
AIG Shares up 10%
Mar 10, 2010 Uncategorized
Shares of AIG are up $3.32 to $36.09, a gain of 10.13%, on almost three times the normal volume the past three months. The stock has gone from a low of $24.99 just six days ago.
With a better than 22% of the stock being short, short traders are covering their positions and that is helping to provide additional momentum in the stock.
We could possibly see the stock advance to the $40 area.
