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Investing in American Express Co. (AXP) Is Getting More Attractive

American Express Co.’s filing revealed 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 $3.11 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 $0.59 million.

Monness Crespi & Hardt reiterated its American Express Co. [AXP] rating to a Buy in a research note published on July 22, 2024; the price target was $265. A number of analysts have revised their coverage, including Compass Point’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Monness Crespi & Hardt also remained covering AXP and reiterated its “Buy” recommendation on July 15, 2024. Citigroup started covering the stock on June 10, 2024. It rated AXP as “a Neutral”.

Price Performance Review of AXP

On Monday, American Express Co. [NYSE:AXP] saw its stock jump 0.81% to $247.89. Over the last five days, the stock has gained 1.28%. American Express Co. shares have risen nearly 32.32% since the year began. Nevertheless, the stocks have risen 51.52% over the past one year. While a 52-week high of $253.73 was reached on 07/18/24, a 52-week low of $140.91 was recorded on 01/18/24. SMA at 50 days reached $236.78, while 200 days put it at $205.87. A total of 2.05 million shares were traded, compared to the trading of 2.17 million shares in the previous session.

Levels Of Support And Resistance For AXP Stock

The 24-hour chart illustrates a support level at 245.48, which if violated will result in even more drops to 243.07. On the upside, there is a resistance level at 249.13. A further resistance level may holdings at 250.37. The Relative Strength Index (RSI) on the 14-day chart is 61.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.25%. Stochastics%K at 53.31% indicates the stock is a holding.

The most recent change occurred on June 07, 2024 when BTIG Research began covering the stock and recommended ‘”a Neutral”‘ rating.

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