Shares of American Express Company (AXP) Sees Large Outflow of Money

American Express Company (AXP) : The value of composite uptick trades was $37.41 million, whereas, the value of composite downtick trades was $45.92 million. The uptick to downtick ratio stood at 0.81 with a negative money flow of ($8.51) Million during Thursdays trading session. The block trades money flow was negative ($4.32 million). The transaction of the trades on downticks amounted to $4.32 million, which confirms investors selling on the strength of price. American Express Company (AXP) gained 32 cents at $59.8, an increase of 0.54% over the previous days close.


American Express Company (AXP) : The highest level American Express Company (AXP) is projected to reach is $80 for the short term and the lowest estimate is at $43. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $64.31 and the possibility the share price can swing is $9.22. The stock has recorded a 20-day Moving Average of 2.54% and the 50-Day Moving Average is 5.46%.

American Express Company (NYSE:AXP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.48 and $59.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.81, notching a gain of 0.55% for the day. The total traded volume was 5,077,371 . The stock had closed at $59.48 on the previous day.

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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