American Express Company (NYSE:AXP) traded at a new 52-week high today of $174.76. Approximately 1.6 million shares have changed hands today, as compared to an average 30-day volume of 3.2 million shares.
Over the past year, American Express Company has traded in a range of $89.11 to $174.76 and is now at $170.12, 91% above that low.
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, 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.
American Express Company (NYSE:AXP) defies analysts with a current price ($170.12) 40.3% above its average consensus price target of $101.52.
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