Omnicom Group (OMC) : Traders are bullish on Omnicom Group (OMC) as it has outperformed the S&P 500 by a wide margin of 5.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.54% in the last 1 week, and is up 5.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.89% and the 50-Day Moving Average is 4.42%.The 200 Day SMA reached 9.87%. Omnicom Group Inc. is up 5.85% in the last 3-month period. Year-to-Date the stock performance stands at 16.07%.
Omnicom Group (NYSE:OMC): After opening at $86.69, the stock dipped to an intraday low of $86.14 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $86.83 and the buying power remained strong till the end. The stock closed at $86.7 for the day, a gain of 0.52% for the day session. The total traded volume was 648,155. The stocks close on the previous trading day was $86.25.
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.