Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $3.54 million following the completion of this transaction.
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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 $0.67 million.
As published in a research note from Monness Crespi & Hardt on October 14, 2024, American Express Co. [AXP] has been retained to a Buy and the price target has been revised to $300. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early October. As of October 08, 2024, BTIG Research has decreased its “Neutral” rating to a “Sell” for AXP. Earlier on October 07, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for AXP stock which previously was a “an Overweight”.
Analyzing AXP Stock Performance
During the last five days, there has been a surge of approximately 3.78%. Over the course of the year, American Express Co. shares have jumped approximately 50.36%. Shares of the company reached a 52-week high of $281.87 on 10/16/24 and a 52-week low of $177.81 on 01/18/24. A 50-day SMA is recorded $258.84, while a 200-day SMA reached $232.28. Nevertheless, trading volume fell to 2.24 million shares from 2.26 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 278.96, which, if violated, would cause prices to drop to 276.23. In the upper region, resistance lies at 283.14. The next price resistance is at 284.59. RSI (Relative Strength Index) is 68.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.45, which suggests the price will increase in the coming days. Percent R is at 1.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
