In a filing, Omnicom Group, Inc. revealed its Senior VP and Treasurer Tarlowe Rochelle M. unloaded Company’s shares for reported $0.3 million on Aug 26 ’24. In the deal valued at $99.17 per share,3,000 shares were sold. As a result of this transaction, Tarlowe Rochelle M. now holds 15,375 shares worth roughly $1.55 million.
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Then, Tarlowe Rochelle M. bought 3,000 shares, generating $297,510 in total proceeds.
Before that, RICE LINDA JOHNSON sold 488 shares. Omnicom Group, Inc. shares valued at $44,348 were divested by the Director at a price of $90.88 per share. As a result of the transaction, RICE LINDA JOHNSON now holds 10,356 shares, worth roughly $1.04 million.
Barclays upgraded its Omnicom Group, Inc. [OMC] rating to an Overweight from a an Equal weight in a research note published on May 07, 2024; the price target was increased to $110 from $100. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid April from “an Equal weight” to “an Overweight”. Macquarie also remained covering OMC and reiterated its “an Outperform” recommendation on April 02, 2024. Exane BNP Paribas revised its rating on March 28, 2024. It rated OMC as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of OMC
On Monday, Omnicom Group, Inc. [NYSE:OMC] saw its stock fall -0.68% to $100.86. Over the last five days, the stock has lost -2.45%. Omnicom Group, Inc. shares have risen nearly 16.59% since the year began. Nevertheless, the stocks have risen 38.33% over the past one year. While a 52-week high of $104.80 was reached on 09/19/24, a 52-week low of $72.62 was recorded on 02/14/24. SMA at 50 days reached $98.41, while 200 days put it at $92.94.
Levels Of Support And Resistance For OMC Stock
The 24-hour chart illustrates a support level at 100.23, which if violated will result in even more drops to 99.61. On the upside, there is a resistance level at 101.49. A further resistance level may holdings at 102.13. The Relative Strength Index (RSI) on the 14-day chart is 50.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.40%. Stochastics %K at 16.77% indicates the stock is a buying.
How much short interest is there in Omnicom Group, Inc.?
A steep rise in short interest was recorded in Omnicom Group, Inc. stocks on 2024-09-13, dropping by -0.31 million shares to a total of 11.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.52 million shares. There was a decline of -2.77%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 07, 2024 when Wells Fargo resumed its ‘”an Equal weight”‘ rating for the stock and retained the price target to $91.
