Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Express Co. shares valued at $666,213 were sold by Pickett Denise on May 22 ’24. At $240.68 per share, Pickett Denise sold 2,768 shares. The insider’s holdings dropped to 12,560 shares worth approximately $3.02 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Joabar Raymond sold 2,230 shares, netting a total of over 541,622 in proceeds. Following the sale of shares at $242.88 each, the insider now holds 12,707 shares.
Before that, Joabar Raymond had sold 425 shares from its account. In a trade valued at $103,148, the Grp. Pres., GMNS traded American Express Co. shares for $242.70 each. Upon closing the transaction, the insider’s holdings decreased to 425 shares, worth approximately $0.57 million.
As published in a research note from Monness Crespi & Hardt on July 22, 2024, American Express Co. [AXP] has been retained to a Buy and the price target has been revised to $265. Analysts at Compass Point started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of July 15, 2024, Monness Crespi & Hardt has reiterated its “Buy” rating for AXP. Earlier on June 10, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for AXP stock.
Analyzing AXP Stock Performance
During the last five days, there has been a drop of approximately -3.62%. Over the course of the year, American Express Co. shares have jumped approximately 28.21%. Shares of the company reached a 52-week high of $253.73 on 07/18/24 and a 52-week low of $177.81 on 01/18/24. A 50-day SMA is recorded $236.57, while a 200-day SMA reached $204.90. Nevertheless, trading volume fell to 3.83 million shares from 2.84 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 238.06, which, if violated, would cause prices to drop to 235.94. In the upper region, resistance lies at 243.63. The next price resistance is at 247.08. RSI (Relative Strength Index) is 51.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 67.85%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
