Don't Worry AIG Shareholders, You're Actually Up (AIG)

Despite AIG AIG shares looking like they're getting killed today, down 11% or so on the session, you're actually up on the day. This is because AIG shares are now trading without the right to buy a warrant for additional AIG shares, according to this Fortune article. It's essentially like a stock trading ex-dividend. You'll receive the dividend, but the shares are lower the day after the company declares the dividend. Nothing to be alarmed about, you can sleep easy again AIG shareholders. At last check, shares of AIG were trading at $43.79.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversFinancialsMulti-line Insurance
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!