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Insider Selling: McNeal Glenda G, American Express Co [AXP] Chief Partner Officer divested 7,391 shares

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 $2,290,914 were sold by McNeal Glenda G on Feb 11 ’25. At $309.96 per share, McNeal Glenda G sold 7,391 shares. The insider’s holdings dropped to 13,900 shares worth approximately $4.22 million following the completion of this transaction.

Also, GLENDA MCNEAL purchased 7,391 shares, netting a total of over 2,290,880 in proceeds.

Before that, Squeri Stephen J had sold 50,841 shares from its account. In a trade valued at $16,241,201, the Chairman and CEO traded American Express Co shares for $319.45 each. Upon closing the transaction, the insider’s holdings decreased to 50,841 shares, worth approximately $28.2 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 drop of approximately -0.83%. Over the course of the year, American Express Co shares have jumped approximately 2.38%. 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 $307.25, while a 200-day SMA reached $268.70. Nevertheless, trading volume fell to 2.83 million shares from 2.15 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 298.38, which, if violated, would cause prices to drop to 292.90. In the upper region, resistance lies at 309.65. The next price resistance is at 315.44. RSI (Relative Strength Index) is 41.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.88, which suggests the price will decrease in the coming days. Percent R is at 78.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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