Why AIG Stock Tumbled by Almost 8% Today
Investors clearly weren't feeling all that secure about American International Group (NYSE: AIG) stock on Tuesday. After all, they traded out of the big insurer to the point where it closed nearly 8% lower in price. Much of this was due to a major development in the company's C-suite.
Before market open that day, AIG announced that its CEO and chairman of the board of directors, Peter Zaffino, is stepping down from the former position. He aims to do this by mid-year; however, the company did not provide a more specific time frame. At that point, Zaffino's goal is to transition to being only the executive chairman of the board.
Image source: Getty Images.
Source Fool.com
American International Group Inc. Aktie
62,86 €
-1,47 %
Die American International Group Inc. Aktie steht ausgezeichnet da: Nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Eine deutliche Steigerung um mehr als 20% ist für American International Group Inc. mit einem Kursziel von 82 € gegenüber 62.86 € zu erwarten.
