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 Featured MNV Articles:
| AXP Trading Below Director's Recent Buy PriceBy Dividend Channel Staff, Thursday, November 17, 1:10 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 8, American Express Co.'s Director, Walter Joseph Clayton III, invested $149,270.00 into 1,000 shares of AXP, for a cost per share of $149.27. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Thursday, bargain hunters could buy shares of American Express Co. (NYSE:AXP) and achieve a cost basis even cheaper than Clayton III, with shares changing hands as low as $149.22 per share. American Express Co. shares are currently trading off about 1.6% on the day. The chart below shows the one year performance of AXP shares, versus its 200 day moving average:
Looking at the chart above, AXP's low point in its 52 week range is $130.74 per share, with $199.55 as the 52 week high point — that compares with a last trade of $150.12. By comparison, below is a table showing the prices at which AXP insider buying was recorded over the last six months:
The current annualized dividend paid by American Express Co. is $2.08/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/13/2022. Below is a long-term dividend history chart for AXP, which can be of good help in judging whether the most recent dividend with approx. 1.4% annualized yield is likely to continue.
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