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Insiders sold shares of American Express at an average price of $270.26, totaling over $21 million, resulting in a 41.09% decrease in their holdings. Hedge funds have significantly increased their stakes, with International Assets Investment Management raising theirs by 26,783.5%. UBS Group has lifted its price target for the stock from $283 to $320, suggesting an 8.63% potential upside.
Jim Cramer advocates buying American Express shares during their recent dip, highlighting the company's success in attracting younger customers who are likely to remain loyal for decades. Despite a slight revenue miss and a trimmed forecast, American Express reported a significant earnings beat and strong credit quality, suggesting long-term growth potential. Cramer believes the market is undervaluing these strengths, making this pullback an opportune moment for investors.
Christophe Le Caillec
People
insider trading activity and hedge fund investments in american express stock
18:14 13.01.2025
Jim Cramer advocates buying American Express shares during recent dip
01:25 22.10.2024
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