Market Overview

AIG: Post-Icahn Letter

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American International Group Inc (NYSE: AIG) shares are trading lower $0.37 at $63.52 in Thursday's session. When Carl Icahn's tweet hit the Street on Wednesday, shares of the company immediately soared to $65.99 in pre-market trading. However, in Wednesday's and Thursday's session, the issue has struggled to clear $64, peaking at $63.93 on Wednesday and $64 in today's session.

Since bottoming out during the financial crisis in 2008-2009, its July 24 high ($64.35) marks its rebound high.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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Posted-In: pre market outlookTechnicals Intraday Update Trading Ideas

 

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