American Express Co.’s recent filing unveils that its Group Pres., Enterprise Serv. Williams Anre D unloaded Company’s shares for reported $21.05 million on Oct 22 ’24. In the deal valued at $270.26 per share,77,887 shares were sold. As a result of this transaction, Williams Anre D now holds 111,656 shares worth roughly $29.85 million.
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Then, ANRE WILLIAMS bought 77,887 shares, generating $21,049,935 in total proceeds.
Before that, Pickett Denise sold 2,768 shares. American Express Co. shares valued at $666,213 were divested by the Pres., GSG and TLS at a price of $240.68 per share. As a result of the transaction, Pickett Denise now holds 12,560 shares, worth roughly $3.36 million.
Monness Crespi & Hardt reiterated its American Express Co. [AXP] rating to a Buy in a research note published on October 14, 2024; the price target was $300. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Hold”. BTIG Research also remained covering AXP and has decreased its forecast on October 08, 2024 with a “Sell” recommendation from previously “Neutral” rating. JP Morgan revised its rating on October 07, 2024. It rated AXP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of AXP
On Friday, American Express Co. [NYSE:AXP] saw its stock fall -0.97% to $267.35. Over the last five days, the stock has lost -3.41%. American Express Co. shares have risen nearly 42.71% since the year began. Nevertheless, the stocks have risen 86.28% over the past one year. While a 52-week high of $286.36 was reached on 10/17/24, a 52-week low of $141.02 was recorded on 01/18/24. SMA at 50 days reached $263.73, while 200 days put it at $235.29.
Levels Of Support And Resistance For AXP Stock
The 24-hour chart illustrates a support level at 264.74, which if violated will result in even more drops to 262.13. On the upside, there is a resistance level at 271.57. A further resistance level may holdings at 275.78. The Relative Strength Index (RSI) on the 14-day chart is 46.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.11%. Stochastics %K at 16.63% indicates the stock is a buying.
How much short interest is there in American Express Co.?
A steep rise in short interest was recorded in American Express Co. stocks on 2024-10-15, dropping by -0.97 million shares to a total of 8.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.32 million shares. There was a decline of -11.59%, which implies that there is a negative sentiment for the stock.
