American Express Co.’s recent filing unveils that its Chairman and CEO Squeri Stephen J unloaded Company’s shares for reported $9.28 million on Apr 23 ’24. In the deal valued at $238.63 per share,38,873 shares were sold. As a result of this transaction, Squeri Stephen J now holds 76,310 shares worth roughly $17.61 million.
Then, Marquez Rafael sold 7,900 shares, generating $1,730,732 in total proceeds. Upon selling the shares at $219.08, the President, International Card now owns 13,524 shares.
Before that, Joabar Raymond sold 8,625 shares. American Express Co. shares valued at $1,837,470 were divested by the Grp. Pres., GMNS at a price of $213.04 per share. As a result of the transaction, Joabar Raymond now holds 12,687 shares, worth roughly $2.93 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 fall -0.74% to $230.77. Over the last five days, the stock has lost -2.07%. American Express Co. shares have risen nearly 23.18% since the year began. Nevertheless, the stocks have risen 51.61% over the past one year. While a 52-week high of $240.55 was reached on 04/24/24, a 52-week low of $140.91 was recorded on 01/18/24. SMA at 50 days reached $224.37, while 200 days put it at $183.39. A total of 3.13 million shares were traded, compared to the trading of 2.73 million shares in the previous session.
Levels Of Support And Resistance For AXP Stock
The 24-hour chart illustrates a support level at 228.82, which if violated will result in even more drops to 226.86. On the upside, there is a resistance level at 233.04. A further resistance level may holdings at 235.30. The Relative Strength Index (RSI) on the 14-day chart is 54.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.68%. Stochastics %K at 62.88% indicates the stock is a holding.
