Insider Buying Alert: American Express Director Goes Big

Insider Buying Alert: Directors' stock purchases can signal optimism. Michael J. Angelakis, Director of American Express Co. (AXP), made a significant buy worth $998.6K, suggesting confidence in the company's future potential.

Date: 11-03-2025

AI Rating: 7

Insider Buying Activity
Directors generally have an in-depth understanding of their companies, and significant insider buying can indicate a positive outlook for a company’s stock performance. The purchase made by Michael J. Angelakis highlights a potentially undervalued stock and a strong belief in company progress.

Michael J. Angelakis purchased 3,700 shares of American Express Co. (AXP) at an average price of $269.89 per share for a total value of $998,593. This suggests that he perceives the stock as having growth potential. Bargain hunters could acquire shares below his cost, as the stock was trading at $255.97 at the time of reporting, approximately 2.1% lower.

Price Performance
The stock's 52-week trading range is noteworthy, with a low point of $214.51 and a high of $326.28, indicating that the stock has experienced significant volatility. The trading price at $255.97 places the stock closer to its low, suggesting that investors may view it as a potential buying opportunity if they believe it will rebound.

Dividend Insights
American Express Co. currently pays an annualized dividend of $3.28 per share, with a yield of approximately 1.3%. The stability of this dividend is important for investors looking for income from their investments. The upcoming ex-dividend date is set for April 4, 2025, which indicates that maintaining the dividend is a priority for the company.

Stocks: AXP