Stocks in Concern on New Development: Constellium (NYSE:CSTM), American International Group (NYSE:AIG)

Constellium N.V (NYSE:CSTM) [Trend Analysis] retains strong position in active trade, as shares scoring -8.67% to $6.85 in active trade session, while looking at the shares volume, around 4.17 Million shares have changed hands in this session. Constellium N.V. (CSTM) declared that its fourth-quarter net loss was 20 million euros, sharply narrower than last year’s loss of 429 million euros. The prior year results included important asset impairment charges.

Revenue for the period surged 3 percent to 1.16 billion euros from 1.12 billion euros last year. Shipments surged 2 percent from last year to 344 thousand metric tons.Looking ahead, the company said, “We remain confident in the long-term demand across our targeted end markets and in our ability to continue to grow Adjusted EBITDA in the high single digits annually over the next three years.” The firm has institutional ownership of 76.80%. CSTM attains analyst recommendation of 2.70 with week’s performance of -15.43%. Investors looking further ahead will note that the Price to next year’s EPS is 356.57%.

American International Group, Inc. (NYSE:AIG) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.36% to 63.21 with around 8.56 Million shares have changed hands in this session. American International Group Inc said CEO Peter Hancock has informed the board that he plans to resign, more than a year after billionaire investor Carl Icahn called for a breakup of the company.Hancock will remain CEO until a successor has been named, the company said.The Wall Street Journal declared last month that the company’s board was discussing whether to penalize or oust Hancock over a major setback in the insurer’s turnaround plan.Tensions between Hancock and Icahn began to mount after the CEO rebuffed the activist investor’s proposals. Icahn has also threatened a proxy fight at AIG.

“We fully support the actions taken recently by the board of AIG,” Icahn tweeted on Thursday.Icahn has argued that a split would help AIG rid itself of the regulatory burden of being a systemically important financial institution, which requires higher capital cushions. The stock is going forward its fifty-two week low with 31.94% and lagging behind from its 52-week high price with -6.31%.

Similar, the positive performance for the quarter recorded as -1.54% and for the year was 25.29%, while the YTD performance remained at -3.22%. AIG has Average True Range for 14 days of 1.07.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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