Omnicom Group, Inc’s recent filing unveils that 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 $1.99 million.
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 $1.3 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 Tuesday, Omnicom Group, Inc [NYSE:OMC] saw its stock fall -0.55% to $84.63. Over the last five days, the stock has lost -1.39%. Omnicom Group, Inc shares have fallen nearly -1.64% since the year began. Nevertheless, the stocks have fallen -1.46% over the past one year. While a 52-week high of $107.00 was reached on 01/03/25, a 52-week low of $84.43 was recorded on 01/07/25. SMA at 50 days reached $96.84, while 200 days put it at $95.80.
Levels Of Support And Resistance For OMC Stock
The 24-hour chart illustrates a support level at 83.75, which if violated will result in even more drops to 82.86. On the upside, there is a resistance level at 85.81. A further resistance level may holdings at 86.98. The Relative Strength Index (RSI) on the 14-day chart is 25.52, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.25%. Stochastics %K at 11.45% 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 2024-12-13, growing by 0.37 million shares to a total of 12.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 12.2 million shares. There was a rise of 2.94%, 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.
