Large Inflow of Money Detected in Omnicom Group

Omnicom Group (OMC) : On Wednesday, The money flowed into the Omnicom Group (OMC) stock with an uptick to downtick ratio was recorded at 1.32. Transactions worth $5.06 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $3.84 million. The total money flow into the stock was $1.22 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.83 million of block transactions on upticks. The total money flow in block trades was $1.83 million. In terms of price action, Omnicom Group (OMC) traded down $0.15 during the session at $83.18. Compared to the previous days closing, the stock was down only by -0.17%. For the week, the stock is 0.48%, over previous weeks closing.


Also, Barclays downgrades its rating on Omnicom Group (NYSE:OMC). The global brokerage major raises the current price target from $82 per share to $90 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on April 20, 2016.

Omnicom Group (NYSE:OMC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.88 and $83.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.68, notching a gain of 0.43% for the day. The total traded volume was 1,653,841 . The stock had closed at $83.32 on the previous day.

The stock has recorded a 20-day Moving Average of 1.69% and the 50-Day Moving Average is 1.46%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman) of Omnicom Group Inc., Crawford Bruce had sold 22,800 shares worth of $1,922,268 in a transaction dated June 9, 2016. In this transaction, 22,800 shares were sold at $84.31 per share.

Omnicom Group Inc. is a holding company. The Company provides advertising, marketing and corporate communications services. The Companys branded networks and agencies operate in markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications. Its services in these disciplines include advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communications, data analytics and database management, among others. Its advertising brands include BBDO Worldwide, DDB Worldwide and TBWA Worldwide. The Companys branded agency networks operate in geographic regions, including the Americas, which includes North America and Latin America; EMEA, which includes Europe, the Middle East and Africa, and Asia Pacific, which includes Australia, China, India, Japan, Korea, New Zealand, Singapore and other Asian countries.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.