American International Group Inc (AIG) Moves Down For the 3rd Day In A Row; Crosses 50 Day Moving Average

American International Group Inc 4 Hour Price Update

Updated July 28, 2020 04:36 PM GMT (12:36 PM EST)

AIG’s price is down $-0.04 (-0.11%) over the past four hours of trading. For context, American International Group Inc’s peers in the in the Insurance industry are up 0.17% on average in this time, while its counterparts in the broader Financial Services sector are down by an average of -0.12%.

American International Group Inc Daily Price Recap

American International Group Inc closed the day prior down 1.47% ($0.46); this denotes the 3rd day in a row it has gone down. The price move occurred on volume that was up 30.37% from the day prior, but down 24.95% from the same day the week before. Below is a daily price chart of American International Group Inc.

AIG

American International Group Inc Technical Analysis

Notably, American International Group Inc crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days American International Group Inc’s price has gone up 16 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to AIG:

    $AXP It’s a good company, I have their cards. But with the available rewards heavily weighted to travel I end up using others. Although I do like their classic platinum card, because you have to pay the whole thing every month. It’s like a stress test the FED does to banks (Ouch!) I think they will be just fine. These loan losses are common figures and sometimes their better or worse than others. Just ask $TRV $AIG they have hurricanes every year and riots to come off the bottom line. Amex should start selling cars like the banks started doing a couple of weeks ago in case you haven’t noticed. @jimcramer @blondegirl

    Smithatude