Omnicom Group (OMC) has risen sharply, recording gains of 1.76% in the past 4 weeks. However, the stock has corrected -0.41% in the past 1 week, providing a good buying opportunity on dips. Omnicom Group (OMC) : During the past 4 weeks, traders have been relatively bearish on Omnicom Group (OMC), hence the stock is down -2.5% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.88% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.79% and the 50-Day Moving Average is 0.37%.
Omnicom Group (NYSE:OMC): The stock opened at $83.61 on Friday but the bulls could not build on the opening and the stock topped out at $83.61 for the day. The stock traded down to $82.37 during the day, due to lack of any buying support eventually closed down at $82.78 with a loss of -0.41% for the day. The stock had closed at $83.12 on the previous day. The total traded volume was 1,909,096 shares.
The company Insiders own 1.1% of Omnicom Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.05% . Institutional Investors own 98.66% of Omnicom Group shares. During last six month period, the net percent change held by insiders has seen a change of -14.73%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman) of Omnicom Group Inc., Crawford Bruce had sold 22,800 shares worth of $1,922,268 in a transaction dated June 9, 2016. In this transaction, 22,800 shares were sold at $84.31 per share.
Omnicom Group Inc. is a holding company. The Company provides advertising, marketing and corporate communications services. The Companys branded networks and agencies operate in markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications. Its services in these disciplines include advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communications, data analytics and database management, among others. Its advertising brands include BBDO Worldwide, DDB Worldwide and TBWA Worldwide. The Companys branded agency networks operate in geographic regions, including the Americas, which includes North America and Latin America; EMEA, which includes Europe, the Middle East and Africa, and Asia Pacific, which includes Australia, China, India, Japan, Korea, New Zealand, Singapore and other Asian countries.