Volume Spike Investor

American International Group, Inc. (NYSE: AIG) is getting hit again after a big drop on Monday.  At 8:26 AM EST we have seen over 500,000 shares trade hands and the drop is by 5% to $43.05.  Closing price yesterday was $45.33 and the average volume is $27 million shares.  After the close came word that the firm has entered into an agreement over binding arbitration with Hank Greenberg.   There is also word that AIG was downgraded at Bernstein to Underperform from Market Perform… with the same $10 target.  The downgrade is solely on share price moves of late, but is also along the same lines of AIG’s hit by Barron’s in the negative article over teh weekend. -JON OGG