It's too early to tell whether investors can cash in as the U.S. Treasury cashes out of its stake in AIG (AIG).
But both the government and shareholders can claim hearty returns for now. AIG's stock is up more than 40% since January, even after falling 1% Tuesday. And the U.S. government will earn a profit of $15.1 billion when it sells the bulk of its stake in AIG tonight.
StockTwits traders had a lot to say on the matter.
Shareholders will never know what a Lehman Brothers ($LEH) bailout might have looked like, but it looks like AIG has managed to get itself back on track.
AIG bought back some of its own shares, $5 billion worth. In normal times, when a major shareholder cashes out of a company, it's a bad sign. The U.S. government isn't exactly your average investor, and its exit means that AIG can begin to phase out of its prolonged adolescence.
Because of the ravenous demand from investors, the U.S. Treasury sold an extra 83 million shares, cutting its stake to 16%.
Not a member yet?Sign up now for a free account
|Alex Jones, InfoWars accused of destroying evidence related to Sandy Hook suit|
|How Trump could ruin Elon Musk's plan to take Tesla private|
|Tesla's stock falls sharply after Elon Musk's tearful interview|
|Elon Musk: This has been the most painful year of my career|
|Big Oil is racing to pump all the oil out of Texas|