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AIG (AIG) still has a market cap of $1.8 billion. It used to be over 100 times that. But investors are still willing to gamble that at $13.10 (its price after a reverse split) AIG's shares could ...
The "reverse stock split" appellation is a reference to the more common stock split in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A reverse split is the opposite of a stock split.
A reverse split may also move a stock back to a normal trading range, which can range from $20 a share to $120 a share or thereabouts. If a stock’s share price falls too far, it may drop off the ...
A reverse stock split occurs on an exchange basis, such as 1-10. When a company announces a 1-10 reverse stock split, for example, it exchanges one share of stock for every 10 that a shareholder owns.
AIG's corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000. [11] AIG was ranked 60th on the 2018 Fortune 500 list. [12] According to the 2016 Forbes Global 2000 list, AIG is the 87th largest public company in the world. [13]
AIG's AIU Insurance unit has run a P&C insurance in the country since 1946, and is now the largest foreign nonlife insurer with 14,000 agents nationwide. [3] In retail auto and L&H space, AIG owns American Home and Fuji Fire and Marine Insurance company. [4] Since Jan 2018 AIU and FFM business units merged in AIG Sonpo.
On the surface, Aeterna Zentaris' (NAS: AEZS) reverse split last week is a good thing for current investors. Or rather... the lack of a reverse stock split would be worse. The Nasdaq stock ...
Secondly, sometimes companies provide false financial reports to sell shares which lead towards further complications in market. In 2005, AIG had to pay a fine of $1.7 billion as a result of improper accounting. [7] Additionally, Lehman Brothers went bankrupt in 2008 after using a small firm to secretly manipulate its balance sheets. [8]