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 $1.94 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 $1.27 million.
Argus downgraded its Omnicom Group, Inc [OMC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who remained covering the stock and in mid October has reiterated a ‘”an Overweight”‘ rating for it. Wells Fargo also remained covering OMC and has decreased its forecast on October 16, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Barclays revised its rating on May 07, 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 -3.51% to $82.51. Over the last five days, the stock has gained 2.08%. Omnicom Group, Inc shares have fallen nearly -4.10% since the year began. Nevertheless, the stocks have fallen -11.03% over the past one year. While a 52-week high of $107.00 was reached on 01/27/25, a 52-week low of $79.57 was recorded on 03/04/25. SMA at 50 days reached $84.52, while 200 days put it at $93.70.
Levels Of Support And Resistance For OMC Stock
The 24-hour chart illustrates a support level at 81.38, which if violated will result in even more drops to 80.25. On the upside, there is a resistance level at 84.43. A further resistance level may holdings at 86.36. The Relative Strength Index (RSI) on the 14-day chart is 45.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 69.69%. Stochastics %K at 62.44% indicates the stock is a holding.
