Federation des caisses Desjardins du Quebec significantly increased investment in
American Express (AXP), buying 77,214 shares. Transactions also included
Clark Capital Management Group and
Twin Tree Management selling substantial amounts of shares, while
Royal Bank of Canada and
Trexquant Investment bought significant amounts. The company's stocks reached a new 1-year high, but a sell-off followed. Expert opinions are mixed; CNBC's
Jim Cramer referred to American Express's performance as 'dynamite'; others say the high is a selling opportunity.
Deutsche Bank has increased its price target for AXP to $375, maintaining a 'Buy' rating. Warren Buffet's Berkshire Hathaway significantly increased its stake in AXP, while
Longview Partners sold a large portion of their holdings.
American Express's 2024 revenue predictions and a 'Buy' consensus from analysts failed to halt a slight dip in AXP's stock value. Finally,
Hard Rock Stadium branded AXP as its payments partner, suggesting future growth for the company.
American Express Company AXP News Analytics from Thu, 13 Feb 2025 08:00:00 GMT to Sat, 06 Sep 2025 20:33:26 GMT -
Rating 0
- Innovation 0
- Information 5
- Rumor -5
