IAG's SP will breach $5.75 next week I feel sure, it is only 10% away.
The closing tick on Wall Street means all property and casualty insurers will go up on Monday at least initially by over 1% at least and for the rest of the week they should continue especially IAG as a massively oversold property and casualty insurer.
Similar companies such as AIG did 3.74% in a day, Warren Buffett's BRK up 3.28% XL Group up 3%, HSX up 2.5% earlier in Europe, NVA and LRE as well went up similar amounts on the FTSE.
IAG will be in competition with SUN on Monday, IAG and SUN has been oversold by about 15%, never think we will see these prices again lest bushfires and storms happen every second day year round, unlikely given the climate down under.
Severe Thunderstorms for Sydney, page-5
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Last
$7.52 |
Change
-0.070(0.92%) |
Mkt cap ! $17.82B | |||
| Open | High | Low | Value | Volume |
| $7.59 | $7.63 | $7.46 | $30.87M | 4.104M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 177 | $7.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.52 | 24325 | 7 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| IAG (ASX) Chart |