Interpublic Group of Companies (The) (IPG): Price Target and June Short Interest Disclosure

Interpublic Group of Companies (The) (IPG) : The highest short term price target forecast on Interpublic Group of Companies (The) (IPG) is $28 and the lowest target price is $24. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $26.2 with a standard deviation of $1.48.

Interpublic Group of Companies (The) (IPG), A increase of 2,310,239 shares or 21% was observed in the short interest of Interpublic Group Cos The interest on June 30,2016 came in at 13,330,034 shares and as per the average daily trading of 5,142,900 shares, the days to cover are 3. The increased interest is 3.3% of the floated shares. The data of June 15,2016 put the interest at 11,019,795 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Interpublic Group of Companies (The) (NYSE:IPG): On Thursdays trading session , Opening price of the stock was $24.06 with an intraday high of $24.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.56. However, the stock managed to close at $23.85, a loss of 1.28% for the day. On the previous day, the stock had closed at $24.16. The total traded volume of the day was 5,258,814 shares.

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.

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