Omnicom Group, Inc.’s filing revealed that its Senior VP and Treasurer Tarlowe Rochelle M. unloaded Company’s shares for reported $0.14 million on Mar 13 ’24. In the deal valued at $95.34 per share,1,500 shares were sold. As a result of this transaction, Tarlowe Rochelle M. now holds 15,579 shares worth roughly $1.47 million.
Then, RICE LINDA JOHNSON sold 507 shares, generating $43,937 in total proceeds. Upon selling the shares at $86.66, the Director now owns 9,753 shares.
Before that, RICE LINDA JOHNSON sold 587 shares. Omnicom Group, Inc. shares valued at $46,200 were divested by the Director at a price of $78.70 per share. As a result of the transaction, RICE LINDA JOHNSON now holds 9,664 shares, worth roughly $0.91 million.
Wells Fargo upgraded its Omnicom Group, Inc. [OMC] rating to an Overweight from a an Equal weight in a research note published on April 17, 2024; the price target was increased to $106 from $91. A number of analysts have revised their coverage, including Macquarie’s analysts, who remained covering the stock and in early April has reiterated a ‘”an Outperform”‘ rating for it. Exane BNP Paribas also remained covering OMC and has increased its forecast on March 28, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Wells Fargo maintained its rating on February 07, 2024. It rated OMC as “an Equal weight”.
Price Performance Review of OMC
On Tuesday, Omnicom Group, Inc. [NYSE:OMC] saw its stock jump 0.48% to $94.22. Over the last five days, the stock has gained 3.58%. Omnicom Group, Inc. shares have risen nearly 8.91% since the year began. Nevertheless, the stocks have risen 0.39% over the past one year. While a 52-week high of $99.23 was reached on 03/28/24, a 52-week low of $72.20 was recorded on 02/14/24. SMA at 50 days reached $91.59, while 200 days put it at $84.20. A total of 1.44 million shares were traded, compared to the trading of 1.89 million shares in the previous session.
Levels Of Support And Resistance For OMC Stock
The 24-hour chart illustrates a support level at 93.22, which if violated will result in even more drops to 92.22. On the upside, there is a resistance level at 95.16. A further resistance level may holdings at 96.11. The Relative Strength Index (RSI) on the 14-day chart is 56.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.85%. Stochastics %K at 61.75% indicates the stock is a holding.
The most recent change occurred on February 07, 2024 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $104.
