AIG Higher Despite Q4 Miss

American International Group

shares are trading higher $3 at $53.52. The Street is ignoring it Q4 miss for EPS of $0.19 with over $500M for revenues. Investors are encouraged by Carl Icahn and John Paulson being added to the board of the company in hopes the company will do more to enhance shareholder value. Following a higher open, it retreated and found support in the upper end of Thursday's range ($51.47). reaching $51.33 before resuming its rally. So far, it has reached $54.67 and is not far off that level. If the rally continues there may be additional resistance at its February 5 high ($54.01).