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 $21,049,935 were purchased by ANRE WILLIAMS on Oct 22 ’24. At $270.26 per share, ANRE WILLIAMS acquired 77,887 shares.
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Also, Pickett Denise sold 2,768 shares, netting a total of over 666,213 in proceeds. Following the sale of shares at $240.68 each, the insider now holds 12,560 shares.
Before that, Joabar Raymond had sold 2,230 shares from its account. In a trade valued at $541,622, the Grp. Pres., GMNS traded American Express Co. shares for $242.88 each. Upon closing the transaction, the insider’s holdings decreased to 2,230 shares, worth approximately $3.45 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 drop of approximately -3.71%. Over the course of the year, American Express Co. shares have jumped approximately 44.78%. Shares of the company reached a 52-week high of $286.36 on 10/17/24 and a 52-week low of $177.81 on 01/18/24. A 50-day SMA is recorded $262.85, while a 200-day SMA reached $234.46. Nevertheless, trading volume fell to 2.05 million shares from 2.6 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 269.01, which, if violated, would cause prices to drop to 266.79. In the upper region, resistance lies at 273.40. The next price resistance is at 275.57. RSI (Relative Strength Index) is 51.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.50, which suggests the price will decrease in the coming days. Percent R is at 74.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
