American Express downgraded from ‘strong buy’ to ‘buy’ by Vetr Inc.

American Express downgraded from ‘strong buy’ to ‘buy’ by Vetr Inc.

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As per Market Beat’s reports, investors got astonished as Vetr Inc. downgraded American Express’s rating from strong-buy to buy as they had been acquiring and selling company’s shares. Cost ultimatum suggested by Vetr would be suggesting a potential plus of approx. 11.89% from earlier closing stock.

As when we discuss about AXP’s “buy & sell” chart:

Chelsea Counsel Company raised its stake in American Express Company (NYSE:AXP) by 15% in 3Q. As for Chelsea itself, it owns 7,468 shares of the payment services company’s stock valued at $554,000 after buying an additional 1,003 shares during the last Q.

Gerstein Fisher raised its stake in American Express by an estimated 2.6% in 3Q. As for Gerstein itself, it owns 8000 shares of the payment services company’s stock valued at US$ 593,000 after buying an additional 205 shares during the last Q.

Kovitz Investment Group raised its stake in American Express by 3.0% in the 3Q. As for Kovitz itself, recent estimates have revealed it to be having 426,337 shares of the payment services company’s stock valued worth US$ 31,604,000 after acquiring an additional 12,219 shares during the last Q.

Baker Avenue Asset Management made an acquisition of a new stake in American Express during the 3Q worth US$ 218,000.

Douglas E. Buckminster sold off approx. 46,345 shares of the stock in a transaction carried out on 11th Nov 2015 – cost worth US$ 72.85, for a total transaction of US$ 3,376,233.25. As for insider itself, it now owns 37,849 shares in the company, valued at US$ 2,757,299.65.

According to Google Finance: Shares of American Express Company traded up 1.62% during midday trading on Wednesday, reaching US$ 69.97. The company had a trading volume of 5,277,981 shares. The firm has a market capitalization of US$ 68.87 billion and a price-to-earnings ratio of 12.63. Moreover, it has a 52 week bearish of US$ 67.57 and a 52 week bullish of US$ 94.89. Meanwhile the stock has a 50-day moving average of US$ 71.23 and a 200 day moving average of US$ 75.62.

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Javier Davis produces news on stocks, currencies, bonds, commodities, and real estate. His in-depth research covers most of the major financial markets in America, Europe, and Asia. His research is based on the interconnected relationships among economic and technical factors that drive valuations in the markets, with an emphasis on how to formulate investment strategies. From interest rates to inflation to economic growth and much more, the fundamental concepts presented on this website provide an essential foundation of knowledge for investors to profit in stocks, bonds, commodities, currencies, and real estate markets.

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