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

American Express Co.’s recently made public that its Pres., GSG and TLS Pickett Denise unloaded Company’s shares for reported $0.67 million on May 22 ’24. In the deal valued at $240.68 per share,2,768 shares were sold. As a result of this transaction, Pickett Denise now holds 12,560 shares worth roughly $2.89 million.

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Then, Joabar Raymond sold 2,230 shares, generating $541,622 in total proceeds. Upon selling the shares at $242.88, the Grp. Pres., GMNS now owns 12,707 shares.

Before that, Joabar Raymond sold 425 shares. American Express Co. shares valued at $103,148 were divested by the Grp. Pres., GMNS at a price of $242.70 per share. As a result of the transaction, Joabar Raymond now holds 2,393 shares, worth roughly $0.55 million.

Citigroup initiated its American Express Co. [AXP] rating to a Neutral in a research note published on June 10, 2024; the price target was $250. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early June with a ‘”a Neutral”‘ rating. Barclays also remained covering AXP and has decreased its forecast on April 09, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Monness Crespi & Hardt revised its rating on April 05, 2024. It rated AXP as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AXP

On Friday, American Express Co. [NYSE:AXP] saw its stock jump 0.07% to $230.38. Over the last five days, the stock has gained 3.69%. American Express Co. shares have risen nearly 22.97% since the year began. Nevertheless, the stocks have risen 37.20% over the past one year. While a 52-week high of $244.41 was reached on 05/20/24, a 52-week low of $140.91 was recorded on 01/18/24. SMA at 50 days reached $233.08, while 200 days put it at $195.19. A total of 5.06 million shares were traded, compared to the trading of 2.97 million shares in the previous session.

Levels Of Support And Resistance For AXP Stock

The 24-hour chart illustrates a support level at 228.22, which if violated will result in even more drops to 226.05. On the upside, there is a resistance level at 231.83. A further resistance level may holdings at 233.27. The Relative Strength Index (RSI) on the 14-day chart is 47.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.25%. Stochastics %K at 44.74% indicates the stock is a holding.

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