How much was AIG stock 2008?

How much was AIG stock 2008?

Biggest 1-day $ gain was on 9/19/2008 when it rose $23.2/share or 43.1% to settle at $77. Largest 1-day % & $ drop was on 9/15/08 when AIG fell $147.6/share or -60.8% to close at $95.2, that resulted after the insurer failed to present a plan to raise capital and omit credit rating downgrades.

Is AIG good stock?

The financial health and growth prospects of AIG, demonstrate its potential to outperform the market. It currently has a Growth Score of C. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.

What is market cap in stock?

Market cap—or market capitalization—refers to the total value of all a company’s shares of stock. It is calculated by multiplying the price of a stock by its total number of outstanding shares. For example, a company with 20 million shares selling at $50 a share would have a market cap of $1 billion.

How do I buy stock in AIG?

How do I buy (sell) shares of AIG common stock? You must use a licensed broker to buy or sell shares of AIG common stock.

Why did AIG collapse in 2008?

AIG was one of the beneficiaries of the 2008 bailout of institutions that were deemed “too big to fail.” The insurance giant was among many that gambled on collateralized debt obligations and lost. AIG survived the financial crisis and repaid its massive debt to U.S. taxpayers.

Was AIG bailed out in 2008?

In April 2009, the Treasury committed another $29.64 billion to AIG, bringing the company’s federal bailout up to $182 billion. At the time, many Americans were outraged about the government bailouts, but they ultimately proved profitable for taxpayers. The Treasury sold its final shares of AIG stock on Dec. 11, 2012.

Is AIG stock undervalued?

Valuation. Price-to-book (P/B) is one of the multiples used for valuing insurance stocks. Compared with the multiline industry’s trailing 12-month P/B ratio of 1.6, AIG has a reading of 0.7. It is quite evident that the stock is currently undervalued.

How do I find historical market cap?

The market cap of a given company is generally easy to find, though you can also calculate it yourself. Calculating market cap is simple: Multiply the number of outstanding shares times the share price. So a company with 10 million shares trading at $50 is worth 10 million times 50, or $500 million.

Do you have to pay taxes on stocks if you lose money?

Selling a losing stock Your loss will wipe out your gain so you won’t owe the IRS money on it. Furthermore, if your loss exceeds your capital gains, you can apply the remainder to up to $3,000 of ordinary income so the IRS doesn’t tax you on that portion of your earnings.

Is AIG a strong company?

Financial strength: Strong.

How did AIG become too big to fail?

What is considered a good stock price?

Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. However, value investors often consider stocks with a P/B value under 3.0.