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American Express Co. [AXP] Insider Activity: An Update for Investors

American Express Co.’s filing revealed that its EVP – Controller Lieberman Quinn Jessica unloaded Company’s shares for reported $0.73 million on May 06 ’24. In the deal valued at $232.36 per share,3,141 shares were sold. As a result of this transaction, Lieberman Quinn Jessica now holds 258 shares worth roughly $62513.4.

Then, Marrs Anna sold 3,592 shares, generating $829,501 in total proceeds. Upon selling the shares at $230.93, the Group Pres., GCS and CFR now owns 19,932 shares.

Before that, Buckminster Douglas E. sold 117,309 shares. American Express Co. shares valued at $27,266,830 were divested by the Vice Chairman at a price of $232.44 per share. As a result of the transaction, Buckminster Douglas E. now holds 110,318 shares, worth roughly $26.73 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 jump 1.32% to $242.30. Over the last five days, the stock has gained 5.00%. American Express Co. shares have risen nearly 29.34% since the year began. Nevertheless, the stocks have risen 62.97% over the past one year. While a 52-week high of $240.55 was reached on 05/10/24, a 52-week low of $140.91 was recorded on 01/18/24. SMA at 50 days reached $226.36, while 200 days put it at $185.08. A total of 2.59 million shares were traded, compared to the trading of 3.17 million shares in the previous session.

Levels Of Support And Resistance For AXP Stock

The 24-hour chart illustrates a support level at 240.56, which if violated will result in even more drops to 238.82. On the upside, there is a resistance level at 243.79. A further resistance level may holdings at 245.28. The Relative Strength Index (RSI) on the 14-day chart is 68.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.61%. Stochastics %K at 86.86% indicates the stock is a selling.

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