Large Outflow of Money Witnessed in American Express Company

American Express Company (AXP) : Money flow in the American Express Company (AXP) stock was negative (2.03 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $16.32 million, compared to $18.35 million on downticks. The total uptick to downtick ratio was 0.89, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.59 million), indicating selling on the strength. The transaction value during uptick in block trades was $5.13 million. Downtick transaction value in block trades amounted to $5.72 million, indicating persistent selling. The uptick to downtick ratio was 0.9. American Express Company (AXP) traded $0.07 higher at $63.85 gaining 0.1% over the previous days close.


American Express Company is up 2.75% in the last 3-month period. Year-to-Date the stock performance stands at -6.68%. Shares of American Express Company rose by 2.94% in the last five trading days and 3.85% for the last 4 weeks. 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 (NYSE:AXP): stock turned positive on Monday. Though the stock opened at $63.96, the bulls momentum made the stock top out at $64.12 level for the day. The stock recorded a low of $63.54 and closed the trading day at $63.99, in the green by 0.33%. The total traded volume for the day was 3,259,978. The stock had closed at $63.78 in the previous days trading.

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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