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Market Overview

American International Group (AIG) poised to drop

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American International Group (AIG) is poised to drop around 6% this morning, after plummeting about 14% yesterday and 34% since last Friday. The run up from around $15/share in the beginning of August has largely been speculative, with no news. A downgrade and price target of $10/share from Bernstein was enough to send the stock swooning.

 

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