In a filing, Interpublic Group Of Cos., Inc. revealed its SVP, Controller & CAO CARROLL CHRISTOPHER F unloaded Company’s shares for reported $0.59 million on Feb 27 ’24. In the deal valued at $32.20 per share,18,382 shares were sold. As a result of this transaction, CARROLL CHRISTOPHER F now holds 42,390 shares worth roughly $1.31 million.
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Then, Johnson Ellen Tobi sold 40,393 shares, generating $1,300,655 in total proceeds. Upon selling the shares at $32.20, the CFO now owns 88,350 shares.
Before that, KRAKOWSKY PHILIPPE sold 150,403 shares. Interpublic Group Of Cos., Inc. shares valued at $4,842,977 were divested by the CEO at a price of $32.20 per share. As a result of the transaction, KRAKOWSKY PHILIPPE now holds 415,776 shares, worth roughly $12.84 million.
JP Morgan downgraded its Interpublic Group Of Cos., Inc. [IPG] rating to a Neutral from a an Overweight in a research note published on October 01, 2024; the price target was decreased to $33 from $36. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in late September from “a Neutral” to “an Underperform”. UBS also remained covering IPG and has decreased its forecast on September 12, 2024 with a “Sell” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on July 22, 2024. It rated IPG as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of IPG
On Tuesday, Interpublic Group Of Cos., Inc. [NYSE:IPG] saw its stock jump 0.68% to $30.87. Over the last five days, the stock has lost -1.12%. Interpublic Group Of Cos., Inc. shares have fallen nearly -5.42% since the year began. Nevertheless, the stocks have risen 5.94% over the past one year. While a 52-week high of $35.17 was reached on 03/14/24, a 52-week low of $27.20 was recorded on 07/05/24. SMA at 50 days reached $31.20, while 200 days put it at $31.32.
Levels Of Support And Resistance For IPG Stock
The 24-hour chart illustrates a support level at 30.61, which if violated will result in even more drops to 30.35. On the upside, there is a resistance level at 31.03. A further resistance level may holdings at 31.20. The Relative Strength Index (RSI) on the 14-day chart is 45.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.92%. Stochastics %K at 17.41% indicates the stock is a buying.
How much short interest is there in Interpublic Group Of Cos., Inc.?
A steep rise in short interest was recorded in Interpublic Group Of Cos., Inc. stocks on 2024-09-13, dropping by -1.07 million shares to a total of 23.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 24.63 million shares. There was a decline of -4.53%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 11, 2024 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $36 price target.
