American Express Company (AXP) was a big mover last session, as the company saw its shares rise more than 6% on the day. The upside came on the back of reports that investment firm ValueAct Capital Management LP has acquired almost 5% stake in the company. The news led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the volatile price range of $74.92 to $79.30 over the past one-month time frame.
The stock has witnessed six upward and four downward estimate revisions in the past 30 days. The Zacks Consensus Estimate, however, remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
American Express carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the fin-misc svcs industry is Euronet Worldwide, Inc. (EEFT), sporting a Zacks Rank #1 (Strong Buy).
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