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Interpublic Group Of Cos., Inc. [IPG] CEO makes an insider purchase of 150,403 shares worth 4.84 million.


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Interpublic Group Of Cos., Inc. shares valued at $4,842,977 were sold by KRAKOWSKY PHILIPPE on Feb 27 ’24. At $32.20 per share, KRAKOWSKY PHILIPPE sold 150,403 shares. The insider’s holdings dropped to 415,776 shares worth approximately $11.89 million following the completion of this transaction.

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Also, Bonzani Andrew sold 40,468 shares, netting a total of over 1,303,070 in proceeds. Following the sale of shares at $32.20 each, the insider now holds 70,431 shares.

Before that, Johnson Ellen Tobi had sold 40,393 shares from its account. In a trade valued at $1,300,655, the CFO traded Interpublic Group Of Cos., Inc. shares for $32.20 each. Upon closing the transaction, the insider’s holdings decreased to 40,393 shares, worth approximately $2.53 million.

As published in their initiating research note from UBS on January 11, 2024, Interpublic Group Of Cos., Inc. [IPG] has been a Neutral and the price target has been revised to $36. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late July. As of March 30, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for IPG. Earlier on March 29, 2023, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for IPG stock which previously was a “an Outperform”.

Analyzing IPG Stock Performance

During the last five days, there has been a drop of approximately -1.85%. Over the course of the year, Interpublic Group Of Cos., Inc. shares have dropped approximately -12.41%. Shares of the company reached a 52-week high of $35.17 on 03/14/24 and a 52-week low of $28.03 on 07/01/24. A 50-day SMA is recorded $30.57, while a 200-day SMA reached $30.96. Nevertheless, trading volume fell to 2.32 million shares from 5.03 million shares the previous day.

Support And Resistance Levels for Interpublic Group Of Cos., Inc. (IPG)

According to the 24-hour chart, there is a support level at 28.51, which, if violated, would cause prices to drop to 28.26. In the upper region, resistance lies at 29.04. The next price resistance is at 29.32. RSI (Relative Strength Index) is 32.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.72, which suggests the price will decrease in the coming days. Percent R is at 72.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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