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Is American Express Company (AXP) Stock About to Get Hot Tuesday?

Tuesday, March 01, 2022 01:56 PM | InvestorsObserver Analysts
Is American Express Company (AXP) Stock About to Get Hot Tuesday?

The market has been high on American Express Company (AXP) stock recently. AXP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
American Express Company has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AXP!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With AXP Stock Today?

American Express Company (AXP) stock is trading at $179.67 as of 1:44 PM on Tuesday, Mar 1, a loss of -$14.87, or -7.64% from the previous closing price of $194.54. The stock has traded between $179.65 and $194.77 so far today. Volume today is 4,489,480 compared to average volume of 4,700,604. To see InvestorsObserver's Sentiment Score for American Express Company click here.

More About American Express Company

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans. Click Here to get the full Stock Report for American Express Company stock.

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