American Express AXP stock confirmed a horizontal breakout and a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... breakout on June 2, 2023.
American Express is a multinational financial services company that provides a range of products and services to consumers, small businesses, and large corporations. American Express is primarily known for its charge cards and credit cards, which allow users to make purchases and earn rewards points or cash back. The company also offers travel-related services, such as travel insurance, hotel bookings, and car rentals. American Express also provides financial planning and investment services, as well as merchant services, where businesses can accept payments from customers using American Express cards. Additionally, American Express operates a global network of ATMs and offers foreign exchange services for travelers.
Hedge Funds In American Express AXP Stock
After digging through 943 hedge funds for their first quarter of 2023 portfolios, Insider Monkey discovered that 77 had invested in American Express Company (NYSE:AXP). Warren Buffett’s Berkshire Hathaway owns a $25 billion stake in the company that comes via 151 million shares. Source: https://www.insidermonkey.com/blog/5-warren-buffett-stocks-other-billionaires-are-loading-up-on-1156768/
