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.