Warren Buffett’s stock hits an all-time high.

One of Warren Buffett’s biggest stock holdings for over 20 years has recently witnessed an impressive price rise, hitting an all-time high (ATH), and the renowned investor and CEO of Berkshire Hathaway (NYSE: BRK.A).

Notably, American Express (NYSE: AXP) is one of Buffett’s stocks that has posted positive gains throughout 2023. It’s up 27.3% year-to-date and recently broke its own price record, hitting $203.88 on Jan. 26. January 30th

In fact, the famous investor bought shares of the credit card giant in 1991, a decision that has proven to be a wise decision time and again, more than tripling Coca-Cola’s (NYSE: KO) returns over the same period and justifying his reputation. . He is regarded among stock traders as one of the best in the field.

American Express stock price analysis

With its recent success, American Express shares are up 8.08% in the past 7 days, with a rise of 6.66% in the past month, with a cumulative gain of 16.33% over the past year, and are currently changing hands at the price. $200.86.

Notably, this sudden pricing comes as the credit card and financial services company issued strong guidance despite weaker-than-expected quarterly results, increased its dividend, and expects full-year earnings per share (EPS) to be between $12.65 and $13.15 in 2024. It matches. Exceeds estimates.

When it comes to the outlook for the future, American Express looks promising, with positive trends in both the short and long term. Even after reaching ATH, it is still trading near its 52-week high and has witnessed fairly high trading volume over the past few days. It shows a strong upward movement.

Plus, in terms of annual performance, it’s outperforming 85% of all other stocks. Although it’s only an average performer in the Consumer Finance industry, the data shows it’s outperforming 64% of 52 stocks in the same sector. Checked on January 30th.

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