Tuesday, September 22, 2009

Rumor Hits AIG Late In The Day (AIG)

American International Group, Inc. (NYSE: AIG) was up back at the end of August and first of September highs this morning.  It was even back above $50.00.  But that is all in the past at the end of the day.  Rumors are out there that a large secondary offering or a large securities offering may be hitting the tape sooner or later.  At 3:45 PM EST we have shares down 5% at $46.03 on over 114 million shares.  The intraday high was $54.40 and the opening price was $52.47.  Outside of this, there is unfortunately not much more that can be added. -JON OGG


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