AIG Surged the Most in the SP500

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AIG Surged the Most in the SP500

Published on Tuesday, 13 July 2010 16:34 Written by Danny Miller

aig New York, July 13^th (Tradershuddle.com) – Shares of American International Group (NYSE:AIG) surged the most in the S&P 500 after its shares jumped 6.80% to $37.99.

AIG (NYSE:AIG), the insurance company, jumped after Bruce Berkowitz, the founder of Fairholme Capital Management and manager of Fairholme Funds, reported in an SEC filing Monday that he increased his investment in the company to 24.3% of the shares not owned by the government.

The move to the upside came with low volume; with 7.58 million shares traded 0.71 times AIG’s average 90day volume of 10.69 million shares.

The stock's 52-week low is $12.01 and its 52-week high is $55.90.

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