Omnicom Group (OMC) has risen sharply, recording gains of 2.45% in the past 4 weeks. However, the stock has corrected -0.13% in the past 1 week, providing a good buying opportunity on dips. Omnicom Group (OMC) : During the past 4 weeks, traders have been relatively bearish on Omnicom Group (OMC), hence the stock is down -4.03% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.74% relative to the S&P 500.
Omnicom Group (NYSE:OMC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.00 and $80.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.67, notching a gain of 1.03% for the day. The total traded volume was 2,077,419 . The stock had closed at $81.83 on the previous day.
The stock has recorded a 20-day Moving Average of 0.56% and the 50-Day Moving Average is 0.27%. Omnicom Group Inc. has dropped 0.67% during the last 3-month period . Year-to-Date the stock performance stands at 10.68%.
Omnicom Group Inc. is a holding company. The Company provides advertising, marketing and corporate communications services. The Companys branded networks and agencies operate in markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications. Its services in these disciplines include advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communications, data analytics and database management, among others. Its advertising brands include BBDO Worldwide, DDB Worldwide and TBWA Worldwide. The Companys branded agency networks operate in geographic regions, including the Americas, which includes North America and Latin America; EMEA, which includes Europe, the Middle East and Africa, and Asia Pacific, which includes Australia, China, India, Japan, Korea, New Zealand, Singapore and other Asian countries.