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Insider Trends: Insider Sale at American Express Slowing 90-Days of Buying

05/11/2021 10:55

02:42 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Denise Pickett, Pres., Gsg and Tls, reported a sale of 2,460 shares in American Express (AXP) for $387,524. After the Form 4 filing with the SEC, Pickett has control over 17,034 shares of company stock of which 15,644 shares are held directly and 1,390 are controlled indirectly. These holdings have an approximate market value of $2.70 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 22 insider transactions reported to the SEC for American Express. These transactions came from the activities of 10 different insiders that resulted in a net acquisition of 21,023 company shares. This compares with the preceding 90-day window of time where there were 24 transactions from 10 insiders and resulted in the net acquisition of 76,036 shares.

This is lower than the average level of insider transactions in the 7-company Consumer Credit Cards Services peer group over the last 90-day period. Within the peer group activity averaged 252.6 transactions per company, with company insiders acquiring on average 1,293,580 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/4962/000112760221016200/xslF345X03/form4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.