American Express Shareholders Worry as Insider Selling Continues

Some American Express shareholders may be concerned to see that company insider Monique Herena recently sold US$3.0m worth of stock at a price of US$337 per share, reducing their total holding by 41%.

This sale is not the largest seen in recent times, as Executive VP & CIO Ravikumar Radhakrishnan previously sold US$5.3m worth of shares at about US$357 per share.

While some may view insider selling as a negative sign, the fact that these sales took place at around the current share price of US$336 makes it less concerning.

In contrast to these sales, no insiders have purchased shares in American Express over the last year.