Interpublic Group Of Cos., Inc’s recent filing unveils that 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 $1.29 million.
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 $12.63 million.
Wells Fargo upgraded its Interpublic Group Of Cos., Inc [IPG] rating to an Equal weight from a an Underweight in a research note published on December 10, 2024; the price target was increased to $34 from $26. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late October from “an Equal weight” to “an Underweight”. JP Morgan also remained covering IPG and has decreased its forecast on October 01, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Exane BNP Paribas revised its rating on September 30, 2024. It rated IPG as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of IPG
On Tuesday, Interpublic Group Of Cos., Inc [NYSE:IPG] saw its stock jump 0.26% to $30.38. Over the last five days, the stock has gained 1.61%. Interpublic Group Of Cos., Inc shares have fallen nearly -6.92% since the year began. Nevertheless, the stocks have fallen -2.69% over the past one year. While a 52-week high of $35.17 was reached on 03/14/24, a 52-week low of $26.88 was recorded on 11/18/24. SMA at 50 days reached $30.12, while 200 days put it at $30.77.
Levels Of Support And Resistance For IPG Stock
The 24-hour chart illustrates a support level at 29.72, which if violated will result in even more drops to 29.05. On the upside, there is a resistance level at 31.16. A further resistance level may holdings at 31.93. The Relative Strength Index (RSI) on the 14-day chart is 55.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.37%. Stochastics %K at 54.45% indicates the stock is a holding.
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 2024-11-29, growing by 2.94 million shares to a total of 29.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 26.16 million shares. There was a rise of 10.09%, which implies that there is a positive sentiment for the stock.
