Omnicom Group (OMC) : Traders are bullish on Omnicom Group (OMC) as it has outperformed the S&P 500 by a wide margin of 0.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.21% in the last 1 week, and is up 1.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.24% and the 50-Day Moving Average is 2.32%. Omnicom Group (NYSE:OMC): stock turned positive on Friday. Though the stock opened at $83.31, the bulls momentum made the stock top out at $84.42 level for the day. The stock recorded a low of $82.91 and closed the trading day at $84.26, in the green by 1.33%. The total traded volume for the day was 1,833,537. The stock had closed at $83.15 in the previous days trading.
The company Insiders own 1.1% of Omnicom Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.05% . Institutional Investors own 97.01% of Omnicom Group shares. During last six month period, the net percent change held by insiders has seen a change of -15.05%.
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.