In a filing, Omnicom Group, Inc. revealed its SVP, Chief Accounting Officer Castellaneta Andrew unloaded Company’s shares for reported $0.42 million on Oct 18 ’24. In the deal valued at $105.29 per share,4,000 shares were sold. As a result of this transaction, Castellaneta Andrew now holds 23,545 shares worth roughly $2.37 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Castellaneta Andrew bought 4,000 shares, generating $421,153 in total proceeds.
Before that, Tarlowe Rochelle M. sold 3,000 shares. Omnicom Group, Inc. shares valued at $297,510 were divested by the Senior VP and Treasurer at a price of $99.17 per share. As a result of the transaction, Tarlowe Rochelle M. now holds 15,375 shares, worth roughly $1.55 million.
JP Morgan reiterated its Omnicom Group, Inc. [OMC] rating to an Overweight in a research note published on October 16, 2024; the price target was $119. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “an Equal weight”. Barclays also remained covering OMC and has increased its forecast on May 07, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on April 17, 2024. It rated OMC as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of OMC
On Friday, Omnicom Group, Inc. [NYSE:OMC] saw its stock jump 0.06% to $100.52. Over the last five days, the stock has lost -3.79%. Omnicom Group, Inc. shares have risen nearly 16.19% since the year began. Nevertheless, the stocks have risen 35.13% over the past one year. While a 52-week high of $106.51 was reached on 10/17/24, a 52-week low of $73.58 was recorded on 02/14/24. SMA at 50 days reached $100.83, while 200 days put it at $94.06.
Levels Of Support And Resistance For OMC Stock
The 24-hour chart illustrates a support level at 99.91, which if violated will result in even more drops to 99.31. On the upside, there is a resistance level at 101.13. A further resistance level may holdings at 101.75. The Relative Strength Index (RSI) on the 14-day chart is 43.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.90%. Stochastics %K at 7.89% 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 2024-10-15, growing by 0.22 million shares to a total of 11.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.21 million shares. There was a rise of 1.97%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 02, 2024 when Macquarie resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $110.
