AIG Surges the Most in SP500

Published on Tuesday, 09 March 2010 17:59 Written by Danny Miller

New York, March 9^th (TradersHuddle.com) – Shares of American International Group (NYSE:AIG) surged the most in the S&P 500, as shares of the troubled insurer climbed 12.61% to $32.77.

American International Group, Inc. (NYSE:AIG) through its subsidiaries provides a varied range of insurance and insurance-related products in the United States and abroad. The Company's main activities include both general insurance and life insurance & retirement services operations as well as financial services and asset management. AIG participates in the credit default swaps and mortgage backed securities markets.

AIG shares jumped on speculation that the government may be planning to restrict short sales on the companies it's bailed out and currently owns stock in.