American International Group, Inc. (NYSE: AIG) is recovering handily after yesterday’s analyst $12 call. The company is moving forward with its ALICO separation. It has also entered into a debt-for-equity swap with the New York Fed which may have just taken off $25 billion in debt and takes the NY Fed’s debt down to $17 billion. At 8:29 AM EST we have seen only about 350,000 shares trade hands and the stock is up 6.4% at $30.20. That also gets it well above the 200-day moving average (listed as $28.98) which was violated yesterday. It looks like Benmosche is getting things done.
JON OGG
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