Interpublic Group of Companies (The) (NYSE:IPG) has tumbled 1.96% during the past week and has dropped 0.38% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.78%. Interpublic Group of Companies (The) (NYSE:IPG) has underperformed the index by 1.29% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Interpublic Group of Companies (The) (NYSE:IPG): The stock opened at $23.75 on Friday but the bulls could not build on the opening and the stock topped out at $23.77 for the day. The stock traded down to $23.48 during the day, due to lack of any buying support eventually closed down at $23.55 with a loss of -0.88% for the day. The stock had closed at $23.76 on the previous day. The total traded volume was 2,836,616 shares.
The company shares have rallied 16.53% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $24.32 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $23.66 and the 200 Day Moving Average price is recorded at $22.61.
On the companys insider trading activities,The officer (SVP, Controller & CAO) of Interpublic Group Of Companies, Inc., Carroll Christopher F sold 20,000 shares at $23.33 on May 2, 2016. The Insider selling transaction had a total value worth of $466,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 1.75% of Interpublic Group of Companies (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -27.72% . Institutional Investors own 92.62% of Interpublic Group of Companies (The) shares. During last six month period, the net percent change held by insiders has seen a change of -28.21%.
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.