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 $1.17 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 $11.43 million.
JP Morgan upgraded its Interpublic Group Of Cos., Inc [IPG] rating to an Overweight from a a Neutral in a research note published on January 27, 2025; the price target was increased to $39 from $32. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late January from “an Equal weight” to “an Overweight”. Exane BNP Paribas also remained covering IPG and has increased its forecast on January 10, 2025 with a “an Outperform” recommendation from previously “an Underperform” rating. Wells Fargo revised its rating on December 10, 2024. It rated IPG as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of IPG
On Friday, Interpublic Group Of Cos., Inc [NYSE:IPG] saw its stock fall -0.83% to $27.49. Over the last five days, the stock has lost -4.12%. Interpublic Group Of Cos., Inc shares have fallen nearly -1.89% since the year began. Nevertheless, the stocks have fallen -16.67% over the past one year. While a 52-week high of $35.17 was reached on 01/27/25, a 52-week low of $26.30 was recorded on 01/13/25. SMA at 50 days reached $28.77, while 200 days put it at $30.10.
Levels Of Support And Resistance For IPG Stock
The 24-hour chart illustrates a support level at 27.31, which if violated will result in even more drops to 27.13. On the upside, there is a resistance level at 27.82. A further resistance level may holdings at 28.15. The Relative Strength Index (RSI) on the 14-day chart is 38.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.03%. Stochastics %K at 19.73% 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 2025-01-15, growing by 0.47 million shares to a total of 23.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 22.63 million shares. There was a rise of 2.03%, which implies that there is a positive sentiment for the stock.
