Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Omnicom Group, Inc. shares valued at $41,984 were sold by RICE LINDA JOHNSON on May 03 ’24. At $92.68 per share, RICE LINDA JOHNSON sold 453 shares. The insider’s holdings dropped to 9,830 shares worth approximately $0.93 million following the completion of this transaction.
Also, Tarlowe Rochelle M. sold 1,500 shares, netting a total of over 143,012 in proceeds. Following the sale of shares at $95.34 each, the insider now holds 15,579 shares.
Before that, RICE LINDA JOHNSON had sold 507 shares from its account. In a trade valued at $43,937, the Director traded Omnicom Group, Inc. shares for $86.66 each. Upon closing the transaction, the insider’s holdings decreased to 507 shares, worth approximately $0.93 million.
As published in a research note from Barclays on May 07, 2024, Omnicom Group, Inc. [OMC] has been rated up from an Equal weight to an Overweight and the price target has been revised to $110 from $100. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid April. As of April 02, 2024, Macquarie has reiterated its “an Outperform” rating for OMC. Earlier on March 28, 2024, Exane BNP Paribas upgraded its rating. Their new recommendation was “an Outperform” for OMC stock which previously was a “a Neutral”.
Analyzing OMC Stock Performance
During the last five days, there has been a surge of approximately 1.52%. Over the course of the year, Omnicom Group, Inc. shares have jumped approximately 9.89%. Shares of the company reached a 52-week high of $97.49 on 03/28/24 and a 52-week low of $84.43 on 02/14/24. A 50-day SMA is recorded $93.09, while a 200-day SMA reached $84.32. Nevertheless, trading volume fell to 1.59 million shares from 1.86 million shares the previous day.
Support And Resistance Levels for Omnicom Group, Inc. (OMC)
According to the 24-hour chart, there is a support level at 94.45, which, if violated, would cause prices to drop to 93.82. In the upper region, resistance lies at 95.53. The next price resistance is at 95.99. RSI (Relative Strength Index) is 56.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 34.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
