American Express Company (AXP) : The money flow analysis of American Express Company (AXP) indicates a $30.12 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $57.35 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.9 and so was the total money flow at $27.23 million. A solid up-down ratio of 39.42 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $26.24 million worth of block trades on upticks. Only $0.67 million worth of the stock exchanged hands on downticks. The money flow was $25.58 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 -1.1% for the day. The stock slid $0.72 and traded at $64.86 during the day. Nonetheless, the stock is 0.11% over the previous weeks close.
The company Insiders own 0.78% of American Express Company shares according to the proxy statements. Institutional Investors own 82.48% of American Express Company shares. During last six month period, the net percent change held by insiders has seen a change of -33.31%.
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 (NYSE:AXP): The stock opened at $65.06 and touched an intraday high of $65.665 on Friday. During the day, the stock corrected to an intraday low of $64.86, however, the bulls stepped in and pushed the price higher to close in the green at $65.19 with a gain of 0.51% for the day. The total traded volume for the day was 3,131,691. The stock had closed at $64.86 in the previous trading session.
American Express Company (AXP) has been under a strong bear grip, hence the stock is down -0.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.11% in the past 1 week. The stock has risen by 0.62% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.5% in the past 4 weeks.
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.