In a filing, American Express Co. revealed 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 $3.47 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 $0.66 million.
HSBC Securities downgraded its American Express Co. [AXP] rating to a Hold from a a Buy in a research note published on October 08, 2024; the price target was increased to $270 from $265. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early October from “a Neutral” to “a Sell”. JP Morgan also remained covering AXP and has decreased its forecast on October 07, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on August 21, 2024. It rated AXP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AXP
On Friday, American Express Co. [NYSE:AXP] saw its stock jump 2.10% to $276.16. Over the last five days, the stock has gained 0.07%. American Express Co. shares have risen nearly 47.41% since the year began. Nevertheless, the stocks have risen 82.27% over the past one year. While a 52-week high of $276.79 was reached on 10/11/24, a 52-week low of $140.91 was recorded on 01/18/24. SMA at 50 days reached $255.91, while 200 days put it at $230.91.
Levels Of Support And Resistance For AXP Stock
The 24-hour chart illustrates a support level at 272.40, which if violated will result in even more drops to 268.65. On the upside, there is a resistance level at 278.51. A further resistance level may holdings at 280.87. The Relative Strength Index (RSI) on the 14-day chart is 63.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.75%. Stochastics %K at 69.43% indicates the stock is a holding.
How much short interest is there in American Express Co.?
A steep rise in short interest was recorded in American Express Co. stocks on 2024-09-30, dropping by -0.45 million shares to a total of 8.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.29 million shares. There was a decline of -5.09%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 22, 2024 when Monness Crespi & Hardt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $265.
