The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. American Express Co. shares valued at $3,552,766 were purchased by DOUGLAS BUCKMINSTER on Oct 29 ’24. At $270.98 per share, DOUGLAS BUCKMINSTER acquired 13,111 shares.
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Also, Williams Anre D sold 77,887 shares, netting a total of over 21,049,741 in proceeds. Following the sale of shares at $270.26 each, the insider now holds 111,656 shares.
Before that, ANRE WILLIAMS had added 77,887 shares to its account. In a trade valued at $21,049,935, the Officer bought American Express Co. shares for $270.26 each.
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 1.05%. Over the course of the year, American Express Co. shares have jumped approximately 46.30%. 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 $264.88, while a 200-day SMA reached $236.63. Nevertheless, trading volume fell to 2.15 million shares from 1.75 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 271.21, which, if violated, would cause prices to drop to 268.34. In the upper region, resistance lies at 276.01. The next price resistance is at 277.94. RSI (Relative Strength Index) is 54.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.43, which suggests the price will decrease in the coming days. Percent R is at 61.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
