Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Express Co shares valued at $48,897,715 were sold by Squeri Stephen J on Nov 07 ’24. At $286.57 per share, Squeri Stephen J sold 170,632 shares. The insider’s holdings dropped to 92,810 shares worth approximately $26.7 million following the completion of this transaction.
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Also, Herena Monique sold 1,300 shares, netting a total of over 374,010 in proceeds. Following the sale of shares at $287.70 each, the insider now holds 12,695 shares.
Before that, MONIQUE R HERENA had added 1,300 shares to its account. In a trade valued at $374,011, the Officer bought American Express Co shares for $287.70 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 drop of approximately -2.55%. Over the course of the year, American Express Co shares have jumped approximately 53.54%. Shares of the company reached a 52-week high of $296.83 on 11/06/24 and a 52-week low of $177.81 on 01/18/24. A 50-day SMA is recorded $270.71, while a 200-day SMA reached $241.29. Nevertheless, trading volume fell to 2.1 million shares from 2.25 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 286.51, which, if violated, would cause prices to drop to 285.39. In the upper region, resistance lies at 289.69. The next price resistance is at 291.74. RSI (Relative Strength Index) is 59.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.35, which suggests the price will increase in the coming days. Percent R is at 30.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
