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 $591,900 were sold by CARROLL CHRISTOPHER F on Feb 27 ’24. At $32.20 per share, CARROLL CHRISTOPHER F sold 18,382 shares. The insider’s holdings dropped to 42,390 shares worth approximately $1.24 million following the completion of this transaction.
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Also, Johnson Ellen Tobi sold 40,393 shares, netting a total of over 1,300,655 in proceeds. Following the sale of shares at $32.20 each, the insider now holds 88,350 shares.
Before that, KRAKOWSKY PHILIPPE had sold 150,403 shares from its account. In a trade valued at $4,842,977, the CEO traded Interpublic Group Of Cos., Inc shares for $32.20 each. Upon closing the transaction, the insider’s holdings decreased to 150,403 shares, worth approximately $12.14 million.
As published in a research note from Wells Fargo on October 23, 2024, Interpublic Group Of Cos., Inc [IPG] has been rated down from an Equal weight to an Underweight and the price target has been revised to $26 from $28. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of September 30, 2024, Exane BNP Paribas has decreased its “Neutral” rating to a “an Underperform” for IPG. Earlier on September 12, 2024, UBS downgraded its rating. Their new recommendation was “a Sell” for IPG stock which previously was a “a Neutral”.
Analyzing IPG Stock Performance
During the last five days, there has been a drop of approximately -2.89%. Over the course of the year, Interpublic Group Of Cos., Inc shares have dropped approximately -10.54%. Shares of the company reached a 52-week high of $35.17 on 03/14/24 and a 52-week low of $28.00 on 07/05/24. A 50-day SMA is recorded $30.70, while a 200-day SMA reached $31.02. Nevertheless, trading volume fell to 5.02 million shares from 3.57 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 29.00, which, if violated, would cause prices to drop to 28.81. In the upper region, resistance lies at 29.44. The next price resistance is at 29.69. RSI (Relative Strength Index) is 36.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 91.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
