American International Group (NYSE:AIG) Willing to Sell Major Stake of Aircraft Unit – AIG, GS, C, SPY, IWM, QQQ, TZA, UNG, JPM

American International Group Inc. (NYSE:AIG)reported late on Sunday that it intends to sell an initial 80.1% interest in its aircraft leasing unit to a group of Chinese financial-services companies for $4.23 billion.

The plan tallies the newest attempt by the US insurer to sell whole or half of its International Lease Finance Corp. division and would give the new possessors hold of one of the most dominant players in the international aerospace industry.

Its competitors include Goldman Sachs Group, Inc. (NYSE:GS) that slipped -0.33% to $116.19 with the total traded volume of 1,200.00 shares and Citigroup Inc. (NYSE:C) that dropped -0.75% to $37.05 with the total traded volume of 1.38 million shares.

Other Financial stocks with bullish trend include SPDR S&P 500 ETF Trust (NYSEARCA:SPY) up 0.02% to $142.41, iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) up 0.19% to $82.32 and PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) up 0.29% to $65.12, whereas with bearish trend include Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) down -0.53% to $15.03, United States Natural Gas Fund, LP (NYSEARCA:UNG) down -2.96% to $19.68 and JPMorgan Chase & Co. (NYSE:JPM) down -0.87% to $42.21.

American International Group, Inc. (NYSE:AIG) dropped -1.85% or -$0.63 to trading at $33.49 following it hit intra day high level of $33.83. The total traded volume in the current trading session is 1.36 million shares as compared to average 19.20 million shares. Its fifty two week trading range is $22.19 – $37.67. The total market capitalization reached $49.46 billion.

The stock price was ahead its 52 week low price with 53.81% and it lagged behind -9.40% from its 52 week maximum mark. Stock price volatility for last month remained 2.10%. In its share capital, the company has 1.48 billion outstanding shares out of which 604.73 million shares have been floated in the market. For now, stock ownership with company’s management remained 0.01%.

AIG presented an optimistic weekly performance of +3.02% with respect to its rate of return and it remained +6.66% for the month. However, the performance for a quarter experienced a negative change of -0.26% and it surged +41.85% for a year and its year to date performance remained in green with +47.11%.

Current stock price is in the upbeat territory taking into account of 20 days moving average with 4.75% and continued bullish run for 50 days moving average with +1.04%. Its earning per share for the past twelve months was $14.41. Company’s beta coefficient was at 3.45. Beta measures the amount of market risk associated with market trade.

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