Overall market sentiment has been high on American Express Company (AXP) stock lately. AXP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
American Express Company has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AXP!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With AXP Stock Today?
American Express Company (AXP) stock is higher by 3.04% while the S&P 500 has fallen -0.67% as of 12:14 PM on Monday, Jan 30. AXP has risen $5.23 from the previous closing price of $172.31 on volume of 4,382,383 shares. Over the past year the S&P 500 is down -10.46% while AXP has fallen -1.27%. AXP earned $9.84 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.05.
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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