Omnicom Group Inc. [OMC] stock was sold by Nelson Jonathan B. at the price of US$2.34 million

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CHWY Stock

In a filing, Omnicom Group Inc. revealed its CEO, Omnicom Digital Nelson Jonathan B. unloaded Company’s shares for reported $2.34 million on Feb 16. In the deal valued at $93.41 per share,25,000 shares were sold. As a result of this transaction, Nelson Jonathan B. now holds 128,038 shares worth roughly $ 11.75 million.

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Then, Castellaneta Andrew sold 6,000 shares, generating $556,800 in total proceeds. Upon selling the shares at $92.80, the SVP, Chief Accounting Officer now owns 31,121 shares.

Before that, Tarlowe Rochelle M. sold 2,000 shares. Omnicom Group Inc. shares valued at $146,170 were divested by the Senior VP and Treasurer at a price of $73.08 per share. As a result of the transaction, Tarlowe Rochelle M. now holds 16,032 shares, worth roughly $1.47 million.

Morgan Stanley upgraded its Omnicom Group Inc. [OMC] rating to an Equal-weight from a an Underweight in a research note published on Monday, February 08, 2023; the price target was increased to $95 from $85. PT values the company’s stock at a premium of 3.37 to its Monday closing price. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early July from “an Equal weight” to “an Overweight”. Macquarie also remained covering OMC and has decreased its forecast on June 23, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. Edward Jones revised its rating on June 14, 2022. It rated OMC as “a Hold” which previously was an “a Buy”.

Price Performance Review of OMC

On Monday, Omnicom Group Inc. [NYSE:OMC] saw its stock jump 0.11% to $91.80. On the same session, the stock had its day’s lowest price of $91.055, but rose to a high of $92.37. Over the last five days, the stock has gained 0.86%. Omnicom Group Inc. shares have risen nearly 12.54% since the year began. Nevertheless, the stocks have risen 10.32% over the past one year. While a 52-week high of $96.52 was reached on 02/08/23, a 52-week low of $61.31 was recorded on 01/20/23. SMA at 50 days reached $87.40, while 200 days put it at $74.47. A total of 2.07 million shares were traded, compared to the trading of 1.66 million shares in the previous session.

Levels Of Support And Resistance For OMC Stock

The 24-hour chart illustrates a support level at 91.11, which if violated will result in even more drops to 90.43. On the upside, there is a resistance level at 92.43. A further resistance level may holdings at 93.06. The Relative Strength Index (RSI) on the 14-day chart is 58.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.00%. Stochastics %K at 47.33% indicates the stock is a holding.

How much short interest is there in Omnicom Group Inc.?

A steep rise in short interest was recorded in Omnicom Group Inc. stocks on Jan 12, 2023, growing by 0.4 million shares to a total of 9.76 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 9.36 million shares. There was a rise of 4.1%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.51% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.07.

Omnicom Group Inc. [OMC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 23,182,800 shares, or roughly 11.37% of the outstanding OMC shares. In other words, the investor’s shares have fallen by -303,516 from its previous 13-F filing of 23486316.0. Additionally, BlackRock Fund Advisors increased 6.24% of its stake after which the total value it holdings stand at $1,182,554,860, while SSgA Funds Management, Inc. reduced -0.19% of its stake to hold $947.03 million in the firm. Over the last quarter, Charles Schwab Investment Managem purchased 418,770 shares of Omnicom Group Inc., while Wellington Management Co. LLP bought -851,642 shares. At present, FIL Investment Advisors is holding 6,034,000 shares valued at $518.86 million. Beutel, Goodman & Co. Ltd. owned 4,546,260 shares of the company at the time of its most recent 13F filing, worth $390.93 million.


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