Don't read too much into the warrant price. It has been under-performing the stock lately and has been red much of the day. The bid/ask spread is so wide, the resulting volatility makes the stock look like a bank CD at times. Disclosure: I'm long and deep on the warrants.
very lg amounts of warrents have been bought today on AIG as 2 buy ratings & PPS upgrades today issued by Deutsche Bank $47 target // Sandler O Neill $44 target, So the very big are gorging on aig warrents today ,,, guessing they are looking for the stock to spike over $40 soon / just a guess??