Large Outflow of Money Witnessed in American Express Company

American Express Company (AXP) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.51 million) in American Express Company (AXP). On Friday, The value of composite uptick trades was $32.02 million, whereas, the value of composite downtick trades was $35.53 million and the ratio between the two was 0.9, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $5.14 million. $1.6 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.31. The negative money flow of ($3.53 million) shows selling on strength. American Express Company (AXP) gained $0.9 intraday at $64.33 and registrered 1.42% for the week.


American Express Company (AXP) : 13 investment research analysts covering American Express Company (AXP) have an average price target of $63.92 for the near short term. The highest target price given by the Brokerage Firm to the stock is $80 and the lowest target is $43 for the short term. Analysts expect the variance to be within $9.69 of the average price.

American Express Company (NYSE:AXP): stock turned positive on Friday. Though the stock opened at $63.4, the bulls momentum made the stock top out at $64.34 level for the day. The stock recorded a low of $63.37 and closed the trading day at $64.28, in the green by 1.34%. The total traded volume for the day was 4,063,417. The stock had closed at $63.43 in the previous days trading.

In a related news,The officer (Pres., Glbl Commercial Pymnts) of American Express Co, Sobbott Susan sold 14,682 shares at $65.5 on May 25, 2016. The Insider selling transaction had a total value worth of $961,671. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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