Interpublic Group of Companies (The) (IPG) : Net money flow in Interpublic Group of Companies (The) (IPG) was negative ($9.03 million) and the inflow of money on uptick was $10.49 million, whereas, the outflow of money on downticks amounted to $19.52 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.54. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $3.76 million. On the other hand, the total value of block trades done on downticks was $11.88 million. The ratio of uptick to downtick block trades was 0.32. The money flow in block trades was negative ($8.12). Interpublic Group of Companies (The) (IPG) gained $0.2 cent during the day and reached $23.29, a gain of 0.87% over the previous day.
Interpublic Group of Companies (The) (IPG) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $28 and the lowest price target forecast is $24. The average forecast of all the analysts is $26.2 and the expected standard deviation is $1.48. The stock has recorded a 20-day Moving Average of 1.25% and the 50-Day Moving Average is 0.94%.
Interpublic Group of Companies (The) (NYSE:IPG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.14 and $23.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.29, notching a gain of 0.87% for the day. The total traded volume was 3,791,613 . The stock had closed at $23.09 on the previous day.
The Interpublic Group of Companies, Inc. (IPG) is a global advertising and marketing services company. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup, Foote, Cone & Belding, Lowe and Partners, IPG Mediabrands, its digital specialist agencies and its domestic integrated agencies. IANs domestic integrated agencies, including Hill Holliday, Carmichael Lynch, Dailey, Tierney and Mullen, provide a range of advertising, marketing communications services and/or marketing services. CMG, which includes Weber Shandwick, Cassidy, DeVries, Golin, FutureBrand, Jack Morton and Octagon Worldwide, provides diversified services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity and strategic marketing consulting.