Shares of American Express Company (NYSE:AXP) Sees Large Outflow of Money

American Express Company (NYSE:AXP) : Net money flow in American Express Company (NYSE:AXP) was negative ($27.17 million) and the inflow of money on uptick was $47.24 million, whereas, the outflow of money on downticks amounted to $74.4 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.63. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $3.08 million. On the other hand, the total value of block trades done on downticks was $29.19 million. The ratio of uptick to downtick block trades was 0.11. The money flow in block trades was negative ($26.11). American Express Company (NYSE:AXP) gained $2.02 cent during the day and reached $59.63, a gain of 3.51% over the previous day.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Pres., Glbl Commercial Pymnts) of American Express Co, Sobbott Susan had sold 14,682 shares worth of $961,671 in a transaction dated May 25, 2016. In this transaction, 14,682 shares were sold at $65.5 per share. Currently the company Insiders own 0.78% of American Express Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.31% . Institutional Investors own 83.89% of American Express Company shares. During last six month period, the net percent change held by insiders has seen a change of 31.79%.

The company shares have dropped -26.15% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $81.66 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $63.63 and the 200 Day Moving Average price is recorded at $61.67. American Express Company (NYSE:AXP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.95 and $57.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.63, notching a gain of 3.51% for the day. The total traded volume was 6,281,076 . The stock had closed at $57.61 on the previous day.

American Express Company is a global services company. The Companys principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Companys segments include U.S. Card Services, International Card Services, Global Commercial Services and Global Network & Merchant Services. The Companys United States banking subsidiaries, Centurion Bank and AEBFSB, issue a range of Card products and services. It also issues its charge and credit Cards around the world either on its own or as cobrands with partnering institutions. The Company provides expense management and travel services to companies and organizations through its Global Corporate Payments and Global Business Travel businesses. The Global Network & Merchant Services (GNMS) segment operates a global payments network that processes and settles card transactions.

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