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 $2,002,976 were purchased by CHRISTOPHE LE CAILLEC on Nov 27 ’24. At $303.48 per share, CHRISTOPHE LE CAILLEC acquired 6,600 shares.
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Also, Squeri Stephen J sold 170,632 shares, netting a total of over 48,897,715 in proceeds. Following the sale of shares at $286.57 each, the insider now holds 92,810 shares.
Before that, Herena Monique had sold 1,300 shares from its account. In a trade valued at $374,010, the Chief Colleague Experience Off traded American Express Co shares for $287.70 each. Upon closing the transaction, the insider’s holdings decreased to 1,300 shares, worth approximately $3.86 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 surge of approximately 5.75%. Over the course of the year, American Express Co shares have jumped approximately 62.41%. Shares of the company reached a 52-week high of $307.82 on 11/27/24 and a 52-week low of $177.81 on 01/18/24. A 50-day SMA is recorded $278.59, while a 200-day SMA reached $245.63. Nevertheless, trading volume fell to 1.7 million shares from 2.13 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 302.09, which, if violated, would cause prices to drop to 299.92. In the upper region, resistance lies at 307.12. The next price resistance is at 309.98. RSI (Relative Strength Index) is 69.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.15, which suggests the price will increase in the coming days. Percent R is at 13.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
