Analyst Actions: American Express Price Target Cut To $88 At Argus, Reiterated Buy
MIDNIGHT TRADER 3:27 PM ET 4/17/2015
Symbol Last Price Change
AXP 77.359down -3.551 (-4.39%)
QUOTES AS OF 03:30:19 PM ET 04/17/2015
03:27 PM EDT, 04/17/2015 (MT Newswires) -- American Express Company(AXP) saw its price target lowered to $88 from $92 by Argus while the firm retained its buy rating.
I was just going to post that. Why would insiders sell if there was REALLY any SERIOUS discussions going on about a takeover. Look at the number of Sept $52.50 puts purchased just today !!!!!! over 5,000 !!!!!!!!!!
That tells me it was all manipulation, and someone is going to get very rich when it goes back under $50...then $40 .... I also went and bought some of the same puts !!!