Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. American Express Company shares valued at $667,355 were sold by Leonsis Theodore on Jun 03. At $166.63 per share, Leonsis Theodore sold 4,005 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Squeri Stephen J sold 48,160 shares, netting a total of over 8,590,632 in proceeds. Following the sale of shares at $178.38 each, the insider now holds 31,285 shares.
Before that, Lieberman Quinn Jessica had sold 1,804 shares from its account. In a trade valued at $345,316, the EVP – Controller traded American Express Company shares for $191.42 each. Upon closing the transaction, the insider’s holdings decreased to 1,804 shares, worth approximately $0.3 million.
As published in a research note from Robert W. Baird on June 17, 2022, American Express Company [AXP] has been rated up from a Neutral to an Outperform and the price target has been revised to $175. This represents a 17.49% premium over Wednesday’s closing price. Analysts at Edward Jones upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early June. As of May 12, 2022, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for AXP. Earlier on April 11, 2022, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for AXP stock which previously was a “an Overweight”.
Analyzing AXP’s Price Performance
On Wednesday, American Express Company [NYSE: AXP] plunged -0.26% to $144.39. The stock’s lowest price that day was $141.341, but it reached a high of $146.35 in the same session. During the last five days, there has been a drop of approximately -0.15%. Over the course of the year, American Express Company shares have dropped approximately -11.74%. Shares of the company reached a 52-week high of $199.55 on 02/16/22 and a 52-week low of $136.49 on 06/16/22. A 50-day SMA is recorded $165.57, while a 200-day SMA reached $172.37. Nevertheless, trading volume fell to 3.42 million shares from 3.52 million shares the previous day.
Support And Resistance Levels for American Express Company (AXP)
According to the 24-hour chart, there is a support level at 141.70, which, if violated, would cause prices to drop to 139.02. In the upper region, resistance lies at 146.71. The next price resistance is at 149.04. RSI (Relative Strength Index) is 36.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.91, which suggests the price will decrease in the coming days. Percent R is at 76.61%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is American Express Company subject to short interest?
Stocks of American Express Company saw a sharp steep in short interest on Apr 28, 2022 dropping by 20000.0 shares to 8.97 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 8.99 million shares. A decline of -0.22% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.71 of the overall float, the days-to-cover ratio (short ratio) decline to 2.71.
Which companies own the most shares of American Express Company (AXP)?
According to Berkshire Hathaway, Inc. filings, the company currently owns 151,610,700 shares, which is about 20.13% of the total AXP shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 151610700.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $7,480,317,973. SSgA Funds Management, Inc. reduced a -0.51% interest valued at $5.76 billion while Wellington Management Co. LLP purchased a 324,789 stake. A total of -778,790 shares of American Express Company were bought by BlackRock Fund Advisors during the quarter, and -59,415 were sold by Fisher Asset Management LLC. In its current portfolio, Massachusetts Financial Services holds 13,392,391 shares valued at $2.26 billion.
In terms of American Express Company share price expectations, FactSet research, analysts set an average price target of $195.55 in the next 12 months, up nearly 38.16% from the previous closing price of $144.76. Analysts anticipate American Express Company stock to reach $223.00 by 2022, with the lowest price target being $146.00. In spite of this, 27 analysts ranked American Express Company stock as an Overweight at the end of 2022. On February 10, 2022, Daiwa Securities assigned a price target of “a Buy” to the stock and upgraded coverage with a $215.