American Express Co’s recently made public that its Chairman and CEO Squeri Stephen J unloaded Company’s shares for reported $48.9 million on Nov 07 ’24. In the deal valued at $286.57 per share,170,632 shares were sold. As a result of this transaction, Squeri Stephen J now holds 92,810 shares worth roughly $26.62 million.
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Then, Herena Monique sold 1,300 shares, generating $374,010 in total proceeds. Upon selling the shares at $287.70, the Chief Colleague Experience Off now owns 12,695 shares.
Before that, MONIQUE R HERENA bought 1,300 shares. American Express Co shares valued at $374,011 were divested by the Officer at a price of $287.70 per share.
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 -0.50% to $286.87. Over the last five days, the stock has lost -0.25%. American Express Co shares have risen nearly 53.13% since the year began. Nevertheless, the stocks have risen 79.93% over the past one year. While a 52-week high of $296.83 was reached on 11/06/24, a 52-week low of $157.00 was recorded on 01/18/24. SMA at 50 days reached $272.29, while 200 days put it at $242.15.
Levels Of Support And Resistance For AXP Stock
The 24-hour chart illustrates a support level at 284.72, which if violated will result in even more drops to 282.58. On the upside, there is a resistance level at 289.78. A further resistance level may holdings at 292.70. The Relative Strength Index (RSI) on the 14-day chart is 58.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.33%. Stochastics %K at 68.42% indicates the stock is a holding.
How much short interest is there in American Express Co?
A steep rise in short interest was recorded in American Express Co stocks on 2024-10-31, dropping by -0.97 million shares to a total of 7.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.84 million shares. There was a decline of -12.26%, which implies that there is a negative sentiment for the stock.
