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 $9,276,392 were sold by Squeri Stephen J on Apr 23 ’24. At $238.63 per share, Squeri Stephen J sold 38,873 shares. The insider’s holdings dropped to 76,310 shares worth approximately $17.66 million following the completion of this transaction.
Also, Marquez Rafael sold 7,900 shares, netting a total of over 1,730,732 in proceeds. Following the sale of shares at $219.08 each, the insider now holds 13,524 shares.
Before that, Joabar Raymond had sold 8,625 shares from its account. In a trade valued at $1,837,470, the Grp. Pres., GMNS traded American Express Co. shares for $213.04 each. Upon closing the transaction, the insider’s holdings decreased to 8,625 shares, worth approximately $2.94 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 drop of approximately -3.20%. Over the course of the year, American Express Co. shares have jumped approximately 23.55%. Shares of the company reached a 52-week high of $240.55 on 04/24/24 and a 52-week low of $177.81 on 01/18/24. A 50-day SMA is recorded $223.60, while a 200-day SMA reached $182.85. Nevertheless, trading volume fell to 4.14 million shares from 3.56 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 230.08, which, if violated, would cause prices to drop to 228.70. In the upper region, resistance lies at 233.99. The next price resistance is at 236.52. RSI (Relative Strength Index) is 55.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.56, which suggests the price will increase in the coming days. Percent R is at 37.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
