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The shares also fell sharply on Tuesday after ChiefExecutive Ed Liddy said at the annual meeting that he could notgive any assurance that the shares would ever recover or thatthe U.S. Before the split, the shares had traded below $2 for muchof the year, weighed down by the company's nearly $100 billionin losses last year and a taxpayer bailout that left the U.S.government owning a nearly 80 percent stake in the company. The reverse split was approved at the AIG annual meeting onTuesday The shares closed at a pre-split $1.16 on Tuesday. Donald Light, an analyst with Celent in San Francisco,said, "It looks like AIG was trying to seek some kind ofpsychological advantage,Maxwell but what they were hoping for did notoccur.Maxwell tickets " Investors who had adjusted to the stock trading for "adollar and change" might be thrown by the seemingly highervaluation and push it down, he added.
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Maxwell - A New Sound!
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