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American Express Company: The Winning Streak Continues

Shares of American Express Company (NYSE: AXP) traded today at $187.24, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 3 million shares traded hands, while the average 30-day volume is approximately 3.4 million shares.

Over the past year, American Express Company has traded in a range of $89.11 to $187.24 and is now at $186.32, 109% above that low.

American Express Company is currently priced 58.4% above its average consensus analyst price target of $77.46.

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses with charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, the company 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.

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