American International Group (AIG) NewsBite - AIG Completes Reverse Split

Posted: Wednesday, July 01, 2009 10:08 AM EDT

American International Group (NYSE: AIG) opened at $19.65. So far today, the stock has hit a low of $19.55 and a high of $22.96. AIG is now trading at $20.74, down $2.46 (-10.6%). Over the last 52 weeks the stock has ranged from a low of $.33 to a high of $31.09. Shares of AIG are trading lower this morning after the company's shareholders approved a 1-for-20 reverse stock split. Investors appear to be evening out positions or getting out of positions now that the stock is trading above $20 per share. Technical indicators for the stock are neutral and S&P gives AIG a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for AIG. [ABR-Seven Summits Strategic Investments NewsBite]

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