The insto's can't really sell given they have nobody to sell to in the absence of any bagholders retailers, but they can remove the board. Why does anyone think that the same board that oversaw this enormous value destruction (>90%) is somehow to be trusted hiring the new CEO and overseeing the company strategy going forward.
AXP weren't some little dodgy microcap tech stock that blew up. Hundreds of millions of dollars of equity has been incinerated under the supervision of this board. Their response; grant themselves a nice block of options.
AXP Price at posting:
8.5¢ Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)