American Express Co’s recently made public that its Chief Financial Officer Le Caillec Christophe unloaded Company’s shares for reported $1.82 million on Nov 27 ’24. In the deal valued at $303.48 per share,6,000 shares were sold. As a result of this transaction, Le Caillec Christophe now holds 6,433 shares worth roughly $1.95 million.
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Then, CHRISTOPHE LE CAILLEC bought 6,600 shares, generating $2,002,976 in total proceeds.
Before that, Squeri Stephen J sold 170,632 shares. American Express Co shares valued at $48,897,715 were divested by the Chairman and CEO at a price of $286.57 per share. As a result of the transaction, Squeri Stephen J now holds 92,810 shares, worth roughly $28.17 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 Monday, American Express Co [NYSE:AXP] saw its stock jump 0.47% to $303.57. Over the last five days, the stock has gained 2.31%. American Express Co shares have risen nearly 62.04% since the year began. Nevertheless, the stocks have risen 69.72% over the past one year. While a 52-week high of $307.82 was reached on 11/27/24, a 52-week low of $175.60 was recorded on 01/18/24. SMA at 50 days reached $286.42, while 200 days put it at $250.85.
Levels Of Support And Resistance For AXP Stock
The 24-hour chart illustrates a support level at 301.54, which if violated will result in even more drops to 299.50. On the upside, there is a resistance level at 304.90. A further resistance level may holdings at 306.23. The Relative Strength Index (RSI) on the 14-day chart is 60.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.45%. Stochastics %K at 55.24% 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 2024-11-29, growing by 0.75 million shares to a total of 8.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.88 million shares. There was a rise of 8.68%, which implies that there is a positive sentiment for the stock.
