AIG Stock Price – A Resurrection!
Stock prices are an interesting area of analysis. They require a lot of calculative and analytical predictions and they should be aimed at getting maximum aims. Now, the topic which we are talking about is the AIG stock price, which is an interesting piece of analysis because AIG is a long standing company which had stable prices for their stocks but suffered due to their fallacies during the subprime crisis
AIG is a company providing service through many of its subsidiaries. It provides insurance cum financial services in the US and worldwide. It has 4 types of operations: General Insurance, Life Insurance and Retirement Services, Financial Services, and Asset Management.
The above mentioned four categories constitute the entire portfolio management. So whatever investment a person wants to make he can approach AIG for his needs.
NYSE, New York Stock Exchange quotes AIG’s prices. As on 24th Feb 2010 the price of this stock was at 26.76. AIG was noted for the part it played during the financial crisis. In fact, it was AIG which was hit first during the crisis and during the FY08 AIG stock price plummeted down owing to the loss of liquidity.
In return for a stake of 79.9%, the United States’ central bank also known as the Federal reserve bank offered an incentive package to AIG on 16th of September 2008. This was the beginning of various such packages provided by the Federal Reserve Bank to boost the economy of those who are suffering from the financial crisis. Needless to say, this acted as a boost for the company of AIG to recover from the recession.
Considering all these factors into account we may analyze the AIG stock price. It has been a company which has survived for many a years and maintained its consistency. Its biggest fall was due to the subprime crisis which initiated the recession of 2008.
However, we should not take this to be the downfall of AIG. This does not impact the integrity of the firm and the company was victimized as any other company during the crisis. The point to be noted is that it has been given incentive packages and has been rejuvenating. We can expect the prices of the firm’s stock to go up in the future.
So, an unbiased analysis of the AIG stock price should be done and the investment prospects considered.
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