AIG’s stock closed at $47.84 on Thursday. At the start of the month, shares were trading at a mere $13.14. What’s going on here?
Keys: Banking, economy, investing
Questions for discussion:
- Summarize the reasons given for the remarkable rise is AIGâ€™s stock market value?
- What do you think of the governmentâ€™s decision to help refinance AIG through preferred shares? Explain your thinking.
- Do you think the share value behavior would be different if the government ownership was through regular common shares? Explain your thinking.