American Express Company (AXP) Dips 3.29%

American Express Company (AXP) Dips 3.29%

Among the S&P 500’s biggest fallers on Wednesday October 02 was American Express Company (AXP). The stock experienced a 3.29% decline to $112.86 with 4.91 million shares changing hands.

American Express Company started at an opening price of 115.76 and hit a high of $115.81 and a low of $112.75. Ultimately, the stock took a hit and finished the day at $3.84 per share. American Express Company trades an average of n/a shares a day out of a total 829.67 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. American Express Company hit a high of $129.34 and a low of $89.05 over the last year.

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 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.

With its headquarters located in New York, NY, American Express Company employs 59,000 people. After today’s trading, the company’s market cap has fallen to $93.64 billion, a P/S of n/a, a P/B of 4.06, and a P/FCF of n/a.

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

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