Interpublic Group of Companies (The) (IPG) : The total money flow in Interpublic Group of Companies (The) (IPG) was negative ($6.82 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $15.74 million. In comparison, the inflow of money into the stock on upticks was $8.92 million. The uptick to downtick ratio was 0.57. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $6.29 million. The value of transactions on uptick was $0.35 million. The negative money flow of ($5.94 million) confirms the selling in Interpublic Group of Companies (The) (IPG) on strength. The uptick to downtick ratio of block trades was 0.06. Interpublic Group of Companies (The) (IPG) gained $0.44 at $24.29, a gain of 1.84% over the previous days close. However, the stock registered 2.1% in the week.
Interpublic Group of Companies (The) (NYSE:IPG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.88 and $23.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.23, notching a gain of 1.59% for the day. The total traded volume was 4,527,926 . The stock had closed at $23.85 on the previous day.
The stock has recorded a 20-day Moving Average of 2.77% and the 50-Day Moving Average is 2.51%. 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.