Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Express Co shares valued at $7,250,835 were sold by Pickett Denise on Feb 05 ’25. At $318.69 per share, Pickett Denise sold 22,752 shares. The insider’s holdings dropped to 12,627 shares worth approximately $4.04 million following the completion of this transaction.
Also, Radhakrishnan Ravikumar sold 9,485 shares, netting a total of over 3,027,327 in proceeds. Following the sale of shares at $319.17 each, the insider now holds 13,500 shares.
Before that, Joabar Raymond had sold 11,121 shares from its account. In a trade valued at $3,525,468, the Grp. Pres., GMNS traded American Express Co shares for $317.01 each. Upon closing the transaction, the insider’s holdings decreased to 11,121 shares, worth approximately $4.08 million.
As published in a research note from Monness Crespi & Hardt on January 27, 2025, American Express Co [AXP] has been retained to a Buy and the price target has been revised to $355. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in mid December. As of October 14, 2024, Monness Crespi & Hardt has reiterated its “Buy” rating for AXP. Earlier on October 08, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Hold” for AXP stock which previously was a “a Buy”.
Analyzing AXP Stock Performance
During the last five days, there has been a surge of approximately 0.38%. Over the course of the year, American Express Co shares have jumped approximately 7.87%. Shares of the company reached a 52-week high of $326.27 on 01/23/25 and a 52-week low of $291.16 on 01/13/25. A 50-day SMA is recorded $306.06, while a 200-day SMA reached $265.36. Nevertheless, trading volume fell to 1.73 million shares from 2.07 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 317.15, which, if violated, would cause prices to drop to 314.16. In the upper region, resistance lies at 323.20. The next price resistance is at 326.25. RSI (Relative Strength Index) is 60.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 35.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
