American International Group Inc (AIG) Up 1.36%; Breaks Above 100 Day Average

American International Group Inc 4 Hour Price Update

Updated September 08, 2020 04:26 PM GMT (12:26 PM EST)

The price of AIG fell $-1.15 (-3.86%) over the past four hours. To help put that in perspective, note that American International Group Inc’s peers in the in the Insurance industry are down -2.22% on average during this time, while the broader Financial Services sector is down by an average of -2.64%.

American International Group Inc Daily Price Recap

The back and forth price flow continues for American International Group Inc, which started today off at 29.8 US dollars, up 1.36% ($0.4) from yesterday. The price move occurred on volume that was down 17.41% from the day prior, but up 54.68% from the same day the week before. The daily price chart of American International Group Inc below illustrates.

AIG

American International Group Inc Technical Analysis

First things first: American International Group Inc crossed above its 100 day moving average yesterday. Volatility for American International Group Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard Around the Web

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

    Thursday (9/3/2020): $XLU $AIG $WFC $USB $DUK are our ETF and stock suggestions for selling short . More information about sell price range, charts, expected sell returns and option prices are given in our Closing Bell video (9/2/2020), only on JusTrading YouTube channel, check it out. We are getting an amazing 50% of capital return per year with our daily suggested stocks. You can watch the Weekly Results video on Youtube and subscribe on our Patreon page for our daily stocks report. Thanks. (Part 1)

    justradingUS