American Express Company (NYSE:AXP) has shown a drop of 1.2% or 219,666 shares in the short positions. The bets have increased to 18,029,913 shares on June 15,2016 from 18,249,579 shares on May 31,2016. With respect to the floated shares, the shorts are 1.9%. The days to cover are calculated to be 4, using the standard per day volume of 4,866,122 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
American Express Company (NYSE:AXP): The stock opened at $60.48 on Friday but the bulls could not build on the opening and the stock topped out at $61.70 for the day. The stock traded down to $60.00 during the day, due to lack of any buying support eventually closed down at $60.06 with a loss of -5.04% for the day. The stock had closed at $63.25 on the previous day. The total traded volume was 10,798,667 shares.
The company shares have dropped -22.80% 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 $64.00 and the 200 Day Moving Average price is recorded at $61.96.
American Express Company (NYSE:AXP) has tumbled 2.91% during the past week and has dropped 8.33% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.3%. American Express Company (NYSE:AXP) has underperformed the index by 5.56% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.