AIG Downgraded (AIG)
Posted in pre-marketSeptember 8th, 2009
American International Group, Inc. (AIG) is getting hit this morning despite an up-market. AIG was reportedly downgraded to UNDERPERFORM from an already-cautious NEUTRAL rating. This is despite reports of a $2.4 billion bid for its Taiwan Nan Shan Life unit. At 9:09 AM EST we have seen over 1.3 million shares trade hands and the stock is down almost 4% at $38.50. Average volume is still over 30 million shares and the direction of this one is ultimately going to depend upon the market. -JON OGG
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