Omnicom Group's (OMC) Stock Dips Amid Market Fluctuations

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Oct 25, 2024
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Omnicom Group (OMC, Financial) experienced a notable stock movement with a decrease of 0.51%, bringing its share price to $99.95. The trading volume reached 326,240 shares, with a turnover rate of 0.17% and a volatility of 1.13%.

According to the latest financial report, Omnicom Group reported a revenue of $3.883 billion, net profit of $386 million, and earnings per share (EPS) of $1.97. The gross profit was reported at $700 million, with a price-to-earnings (P/E) ratio of 13.67.

In terms of institutional ratings, out of 16 participating institutions, 69% recommended buying the stock, while 25% recommended holding, and 6% suggested selling. The advertising and marketing sector, where Omnicom Group operates, saw an overall decline of 0.27%.

Within this sector, related stocks such as Stran & Co Inc and Direct Digital Holdings, Inc. recorded significant gains. Notably active stocks included Yue Hang Sunshine and Hao Xi Health Technology, with turnover rates of 19.83% and 4.48% respectively. Stocks with significant volatility included Advantage Solutions Inc and Stran & Co Inc.

Omnicom Group is a holding company with multiple advertising and related companies under its umbrella. It provides traditional and digital advertising services, including creative design, market research, data analytics, and ad placement. Additionally, Omnicom offers outsourced public relations and communications services, operating in over 70 countries, with more than half of its revenue coming from North America and nearly 30% from Europe.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.