AIG Price-Volume Spike (AIG)

Posted in General 
March 15th, 2010

American International Group, Inc. (NYSE: AIG) saw a rather large price and volume spike late in the afternoon.  Before 2:30 PM EST AIG shares went from being down around the lows of the day at $33.30+ and went all the way up to $36.37 in a very rapid fashion.  We have seen notes that Macquarie may bid for a $3.5 billion aircraft lease assets and then there are comments that Berkowitz owns more than 13 million shares now.  At 3:00 PM EST the stock is trading about 3% around $35.50 and we have seen 32 million shares trade hands versus an average of almost 14 million shares.

JON C. OGG

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