An End-of-Day Technical Review: Emerson Electric Co. (EMR), American International Group, Inc. (AIG)

Emerson Electric Co. (NYSE:EMR) last session’s volume of 5.31 million shares was higher than its average volume of 3.3 million shares. The stock, after opening at $64.18, hit $64.82 through the close by scoring 1.49%.

Emerson Electric Co. (EMR) Analyst Opinion

Emerson Electric Co. has a consensus hold rating from 17 Wall Street analysts, and the number of shares currently sold short amount to at least 1.55% of shares outstanding. The stock spiked 0.56% last month and is up 16.27 this year. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover EMR having a buy-equivalent rating. Analysts have placed a $63.21 price target on Emerson Electric Co., suggesting a -2.48% decline from recent close. It’s currently trading about -4.37% below its 52-week high.

Emerson Electric Co. Earnings Surprise

Emerson Electric Co. (EMR) surprised the stock market in its last reported earnings when it earned $0.83 a piece versus the consensus-estimated $0.8. Its revenue totaled $4.45 billion up 10.2% from the previous quarter.

Emerson Electric Co. (NYSE:EMR) Intraday View

This stock (EMR) is ahead of its 52-week low with 18.28%. Its last month’s stock price volatility remained 1.46% which for the week stands at 1.77%. The share price has moved forward from its 20 days moving average, trading at a distance of 4.58% and stays 2.09% away from its 50 days moving average. Over the last five days, shares have managed 4.75% gains and now is up 6.87% since hitting its 200-day moving average of $61.04. Emerson Electric Co. (EMR) has made its way to a 12-month gain of 14.85%.

Turning to American International Group, Inc. (NYSE:AIG), its shares were trading at $59.96 a retreat of $-0.34, on the trading floor. The stock, after opening at $60.63, touched a high of $60.63 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. American International Group, Inc. has 3 buy ratings, 7 holds and 2 sells even after the stock tumbled -11.13% from its high of $67.47 to a $54.08 billion market value through last close.

American International Group, Inc. (AIG) Consensus Price Target

The company’s consensus rating on Reuter’s scale improved from 2.42 to 2.53 during a month. Analysts set a 12-month price target of $66.73 a share. The target implies a 11.29% spike from where the shares are currently trading. Also, the current price highlights a discount of 26.75% to analysts’ high consensus price target.

American International Group, Inc. (NYSE:AIG) Intraday Trading

The counter witnessed a trading volume of 6.64 million shares versus an average volume of 5.35 million shares during last trading session. Its last month’s stock price volatility remained 1.53% which for the week approaches 1.41%. The lowest price the stock reached in the last trading day was $59.685 and compares with the $57.90 52-week low. The stock recovered 3.56% since its low point and has performed -8.19% year-to-date.

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