A big chunk of the remaining $.4B authorized last quarter could be spent today, given this high volume. (I think they cannot buy more that 10% of the market volume on any day?) I'm at a loss why they didn't buy out that program when we were back at $47. AIG talks a good game, but you have to admit they've been timid about taking advantage of the market's skepticism.
There's a moratorium on share buybacks both before and after an earning's announcement because investors need time to digest the information so as to not take advantage of them. Buybacks should start again in a few days.
The support therefor all starts next week which is why I bought more shares today.