Interpublic Group of Companies (The) (IPG): The stock had negative money flow to the tune of ($16.01 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $9.09 million, whereas, the outflow of money on downticks was $25.1 million and the ratio between the two was 0.36. The block trade had a negative net money flow of ($15.9 million). The total block trade value undertaken on upticks was $0.4 million. On the other hand, downticks amounted to $16.31 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.02. Interpublic Group of Companies (The) (IPG) closed with marginal gains of 44 cents to end the day at $23.18, an increase of 1.93% over the previous days close. The stock recorded 1.98% for the week.
The Interpublic Group of Companies, Inc. has dropped 0.09% in the last five trading days, however, the shares have posted positive gains of 0.43% in the last 4 weeks. The Interpublic Group of Companies, Inc. has dropped 2.69% during the last 3-month period . Year-to-Date the stock performance stands at 0.91%.
Interpublic Group of Companies (The) (NYSE:IPG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.84 and $22.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.18, notching a gain of 1.93% for the day. The total traded volume was 3,900,651 . The stock had closed at $22.74 on the previous day.
In a related news, Carroll Christopher F, officer (SVP, Controller & CAO) of Interpublic Group Of Companies, Inc., unloaded 20,000 shares at an average price of $23.33 on May 2, 2016. The total amount of the transaction was worth $466,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
The Interpublic Group of Companies, Inc. (IPG) is a global advertising and marketing services company. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup, Foote, Cone & Belding, Lowe and Partners, IPG Mediabrands, its digital specialist agencies and its domestic integrated agencies. IANs domestic integrated agencies, including Hill Holliday, Carmichael Lynch, Dailey, Tierney and Mullen, provide a range of advertising, marketing communications services and/or marketing services. CMG, which includes Weber Shandwick, Cassidy, DeVries, Golin, FutureBrand, Jack Morton and Octagon Worldwide, provides diversified services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity and strategic marketing consulting.