Seeking Alpha: Stocks Sputter After Opening Gain:
American International Group (AIG) was mired in the red since the open ahead of plans to sell around 300 million shares of stock worth an estimated $9 billion after the bell today. The U.S. Treasury is expected to sell 15% of its AIG stake, as the federal government continues to close out investments it made in troubled companies to stem the 2008 financial crisis. The stock is down 38% this year and is the worst-performer in the S&P 500 index, according to The Wall Street Journal.
The quotes in the AIG commercial above are from T. S. Eliot's "The Love Song of J. Alfred Prufrock." Currently, AIG is trading down over a dollar under $28 a share.
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