American Express Company (AXP) : The money flow analysis of American Express Company (AXP) indicates a $31.69 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $49.56 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.56 and so was the total money flow at $17.87 million. A solid up-down ratio of 13.56 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $19.99 million worth of block trades on upticks. Only $1.47 million worth of the stock exchanged hands on downticks. The money flow was $18.52 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of American Express Company (AXP), pushing it down by -0.11% for the day. The stock slid $0.07 and traded at $65.45 during the day. Nonetheless, the stock is 1.02% over the previous weeks close.
Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on American Express Company (NYSE:AXP). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs raises the price target from $62 per share to $67 per share. The rating by the firm was issued on June 7, 2016.
American Express Company has dropped 0.35% in the last five trading days, however, the shares have posted positive gains of 2.06% in the last 4 weeks. American Express Company has dropped 0.2% during the last 3-month period . Year-to-Date the stock performance stands at -4.55%.
American Express Company (NYSE:AXP): The stock opened at $65.77 on Tuesday but the bulls could not build on the opening and the stock topped out at $65.97 for the day. The stock traded down to $65.10 during the day, due to lack of any buying support eventually closed down at $65.45 with a loss of -0.11% for the day. The stock had closed at $65.52 on the previous day. The total traded volume was 3,775,806 shares.
In a related news, The Securities and Exchange Commission has divulged that Sobbott Susan, officer (Pres., Glbl Commercial Pymnts) of American Express Co, had unloaded 14,682 shares at an average price of $65.5 in a transaction dated on May 25, 2016. The total value of the transaction was worth $961,671.
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.