We have been calling for Uncle Sam to use the strength of the last secondary stock sale as cover for a total and complete exit from this bailout. Now that finally appears to be happening.
AIG shares closed down 2.2% at $33.36 on Monday against a 52-week range of $22.19 to $37.67. We last saw AIG down only 0.5% at $32.85 in the after-hours session.
It appears as though the US Treasury may still hold onto some warrants even after the share sale. What this does for 2013 and beyond is allow investors to evaluate AIG as its own company rather as a company that is effectively in receivership. The problem that AIG has is that many investors still cannot decide how they are supposed to evaluate this behemoth.
JON C. OGG
Take Charge of Your Retirement: Find the Right Financial Advisor For You in Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.