Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Express Co shares valued at $1,820,880 were sold by Le Caillec Christophe on Nov 27 ’24. At $303.48 per share, Le Caillec Christophe sold 6,000 shares. The insider’s holdings dropped to 6,433 shares worth approximately $1.89 million following the completion of this transaction.
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Also, CHRISTOPHE LE CAILLEC purchased 6,600 shares, netting a total of over 2,002,976 in proceeds.
Before that, Squeri Stephen J had sold 170,632 shares from its account. In a trade valued at $48,897,715, the Chairman and CEO traded American Express Co shares for $286.57 each. Upon closing the transaction, the insider’s holdings decreased to 170,632 shares, worth approximately $27.2 million.
As published in a research note from Monness Crespi & Hardt on December 19, 2024, American Express Co [AXP] has been retained to a Buy and the price target has been revised to $330. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in mid October. As of October 08, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for AXP. Earlier on October 08, 2024, BTIG Research downgraded its rating. Their new recommendation was “a Sell” for AXP stock which previously was a “a Neutral”.
Analyzing AXP Stock Performance
During the last five days, there has been a drop of approximately -2.40%. Over the course of the year, American Express Co shares have jumped approximately 56.44%. 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 $287.78, while a 200-day SMA reached $251.98. Nevertheless, trading volume fell to 3.52 million shares from 3.52 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 290.57, which, if violated, would cause prices to drop to 288.05. In the upper region, resistance lies at 296.23. The next price resistance is at 299.37. RSI (Relative Strength Index) is 47.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.00, which suggests the price will decrease in the coming days. Percent R is at 67.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
