Financial

Investors NEWS Alert: Omnicom Group Inc. (NYSE:OMC)

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Omnicom Group Inc. (NYSE:OMC) moved with change of -0.18% to $68 with the total traded volume of 956949 shares in recent session versus to an average volume of 2.10M. The stock was down in the 5 days activity -0.21%. The one month performance of stock was -12.78%. OMC shares are at -8.54% for the quarter and driving a -13.11% return over the course of the past year and is now at -6.47% since this point in 2018.  Right now OMC beta is 1.09. The average volatility for the week and month was at 1.25% 1.93% respectively. There are 224.17M shares outstanding and 222.53M shares are floated in market.

Clemenger BBDO, part of Omnicom Group Inc. (NYSE:OMC), has purchased a majority stake in Levo Digital, a leading Australian marketing services and technology business.

Levo delivers transformation by empowering businesses with marketing technology and tools that connect consumers with the things they want and need, when and where they need them.  The company helps its clients innovate, expand and transform their organizations through the implementation and use of technology, with a specialization in designing and deploying marketing automation and ecommerce platforms.

Levo was founded in 2005 by Callum Hoogesteger and Craig Roberts, who will continue to lead the business. Levo will retain its brand within the Clemenger Group.

Clemenger Group Executive Chairman, Robert Morgan, said: “Levo will give us the underlying technology skills required to deliver personal, scalable and unmissable experiences. Levo already works with us on key clients and we see enormous growth opportunities post acquisition for Levo to work across the Clemenger BBDO Networks.”

Combined with Clemenger’s existing digital and data capabilities, Levo will enable the Group to have the most advanced business transformation capabilities in the market.

Shares of Omnicom Group Inc. have been recently spotted trading -18.41% off of the 52-week high price. On the other end, the stock has been noted 4.10% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 65.32 – 83.34. Switching over to some distances from popular moving averages, we see that the stock has been recorded -6.30% away from the 50 day moving average and -6.96% away from the 200 day moving average. Moving closer, we can see that shares have been trading -0.32% off of the 20-day moving average. 77300 employees work in the Company. It has market cap of $15.27B and dividend yield of 3.52%.

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