Interpublic Group of Companies (The) (IPG) : The total negative money flow of $9.74 million on Friday indicates selling on strength. The inflow of money on upticks was $17.87 million, compared to $27.61 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.65. The negative money flow of $7.81 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.97 million in a block trade.The transaction value of block trade on downtick was $9.79 million. The uptick to downtick ratio was 0.2. The price action in the Interpublic Group of Companies (The) (IPG) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $23.13 with a gain of $0.32 , a change of 1.4% over the previous days close. The stock registered -2.77% for the week.
Interpublic Group of Companies (The) (IPG) : Average target price received by Interpublic Group of Companies (The) (IPG) is $26.2 with an expected standard deviation of $1.48. The most aggressive target on the stock is $28, whereas the most downbeat target is $24. 5 financial analysts are currently covering the stock.
Interpublic Group of Companies (The) (NYSE:IPG): stock turned positive on Friday. Though the stock opened at $22.82, the bulls momentum made the stock top out at $23.385 level for the day. The stock recorded a low of $22.735 and closed the trading day at $23.13, in the green by 1.40%. The total traded volume for the day was 8,509,209. The stock had closed at $22.81 in the previous days trading.
In a related news,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.
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.