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Stock Alert: Amex Slips More Than 3%

American Express Co. (AXP) shares are sliding on Wednesday morning trade, after gapping down at the open. Currently, the shares are 3.67 percent down from its previous close of $83.14, trading at $80.11.

The decline of the stock is reflecting in Dow index's drop. Amex, an American multinational financial services corporation, has been on a bearish trend for the last few days, trading below its 200-day moving average.

For the 52-week period, the shares have traded in a range of $67.00-$138.13 on average volume of 7,850,634.

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