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Potential Price Increase for Interpublic Group Of Cos., Inc. (IPG) After Recent Insider Activity

Interpublic Group Of Cos., Inc.’s recently made public that its CEO KRAKOWSKY PHILIPPE unloaded Company’s shares for reported $4.84 million on Feb 27 ’24. In the deal valued at $32.20 per share,150,403 shares were sold. As a result of this transaction, KRAKOWSKY PHILIPPE now holds 415,776 shares worth roughly $11.8 million.

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Then, Bonzani Andrew sold 40,468 shares, generating $1,303,070 in total proceeds. Upon selling the shares at $32.20, the EVP, General Counsel now owns 70,431 shares.

Before that, Johnson Ellen Tobi sold 40,393 shares. Interpublic Group Of Cos., Inc. shares valued at $1,300,655 were divested by the CFO at a price of $32.20 per share. As a result of the transaction, Johnson Ellen Tobi now holds 88,350 shares, worth roughly $2.51 million.

UBS initiated its Interpublic Group Of Cos., Inc. [IPG] rating to a Neutral in a research note published on January 11, 2024; the price target was $36. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “an Equal weight”. BofA Securities also remained covering IPG and has increased its forecast on March 30, 2023 with a “Buy” recommendation from previously “Neutral” rating. Exane BNP Paribas revised its rating on March 29, 2023. It rated IPG as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of IPG

On Monday, Interpublic Group Of Cos., Inc. [NYSE:IPG] saw its stock jump 0.14% to $28.38. Over the last five days, the stock has lost -2.44%. Interpublic Group Of Cos., Inc. shares have fallen nearly -13.05% since the year began. Nevertheless, the stocks have fallen -25.41% over the past one year. While a 52-week high of $40.90 was reached on 03/14/24, a 52-week low of $27.20 was recorded on 07/05/24. SMA at 50 days reached $30.45, while 200 days put it at $30.94. A total of 4.98 million shares were traded, compared to the trading of 6.45 million shares in the previous session.

Levels Of Support And Resistance For IPG Stock

The 24-hour chart illustrates a support level at 28.23, which if violated will result in even more drops to 28.07. On the upside, there is a resistance level at 28.52. A further resistance level may holdings at 28.66. The Relative Strength Index (RSI) on the 14-day chart is 32.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.98%. Stochastics%K at 18.06% indicates the stock is a buying.

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