American Express Co.’s recently made public that its President, International Card Marquez Rafael unloaded Company’s shares for reported $1.73 million on Feb 29 ’24. In the deal valued at $219.08 per share,7,900 shares were sold. As a result of this transaction, Marquez Rafael now holds 13,524 shares worth roughly $2.95 million.
Then, Joabar Raymond sold 8,625 shares, generating $1,837,470 in total proceeds. Upon selling the shares at $213.04, the Grp. Pres., GMNS now owns 12,687 shares.
Before that, Seeger Laureen sold 84,420 shares. American Express Co. shares valued at $17,979,772 were divested by the Chief Legal Officer at a price of $212.98 per share. As a result of the transaction, Seeger Laureen now holds 57,512 shares, worth roughly $12.55 million.
Barclays downgraded its American Express Co. [AXP] rating to an Equal weight from a an Overweight in a research note published on April 09, 2024; the price target was increased to $221 from $220. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. Morgan Stanley also remained covering AXP and has decreased its forecast on February 08, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Deutsche Bank started covering the stock on January 10, 2024. It rated AXP as “a Buy”.
Price Performance Review of AXP
On Friday, American Express Co. [NYSE:AXP] saw its stock unchanged to $218.20. Over the last five days, the stock has lost -1.91%. American Express Co. shares have risen nearly 16.47% since the year began. Nevertheless, the stocks have risen 36.98% over the past one year. While a 52-week high of $231.69 was reached on 03/21/24, a 52-week low of $140.91 was recorded on 01/18/24. SMA at 50 days reached $218.26, while 200 days put it at $179.15. A total of 2.37 million shares were traded, compared to the trading of 3.14 million shares in the previous session.
Levels Of Support And Resistance For AXP Stock
The 24-hour chart illustrates a support level at 216.79, which if violated will result in even more drops to 215.37. On the upside, there is a resistance level at 218.94. A further resistance level may holdings at 219.69. The Relative Strength Index (RSI) on the 14-day chart is 44.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.70%. Stochastics %K at 20.16% indicates the stock is a holding.
