Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. American Express Co. shares valued at $1,730,732 were sold by Marquez Rafael on Feb 29 ’24. At $219.08 per share, Marquez Rafael sold 7,900 shares. The insider’s holdings dropped to 13,524 shares worth approximately $2.94 million following the completion of this transaction.
Also, Joabar Raymond sold 8,625 shares, netting a total of over 1,837,470 in proceeds. Following the sale of shares at $213.04 each, the insider now holds 12,687 shares.
Before that, Seeger Laureen had sold 84,420 shares from its account. In a trade valued at $17,979,772, the Chief Legal Officer traded American Express Co. shares for $212.98 each. Upon closing the transaction, the insider’s holdings decreased to 84,420 shares, worth approximately $12.52 million.
As published in a research note from Barclays on April 09, 2024, American Express Co. [AXP] has been rated down from an Overweight to an Equal weight and the price target has been revised to $221 from $220. Analysts at Monness Crespi & Hardt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early April. As of February 08, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for AXP. Earlier on January 10, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for AXP stock.
Analyzing AXP Stock Performance
During the last five days, there has been a surge of approximately 0.01%. Over the course of the year, American Express Co. shares have jumped approximately 16.19%. Shares of the company reached a 52-week high of $231.69 on 03/21/24 and a 52-week low of $177.81 on 01/18/24. A 50-day SMA is recorded $219.04, while a 200-day SMA reached $179.84. Nevertheless, trading volume fell to 2.26 million shares from 4.18 million shares the previous day.
Support And Resistance Levels for American Express Co. (AXP)
According to the 24-hour chart, there is a support level at 216.03, which, if violated, would cause prices to drop to 214.40. In the upper region, resistance lies at 219.79. The next price resistance is at 221.92. RSI (Relative Strength Index) is 43.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.43, which suggests the price will decrease in the coming days. Percent R is at 79.19%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
