Finance

Analyzing the Insider Data for The Interpublic Group of Companies, Inc. (IPG)

Recent insider trends for The Interpublic Group of Companies, Inc. (NYSE:IPG) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. IPG’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 101.38% of The Interpublic Group of Companies, Inc. (IPG)’s shares. The total value of these holdings, in millions, is $8,754. Among active positions in the latest quarter, 242 holders increased their positions by a total of 60.8 million shares, 242 holders decreased the positions by a total of 58.77 million shares, and 57 holders held their positions. This works out to a net increase in ownership of 2.02 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 73 holders initiated new positions by a total of 7.5 million shares and 80 holders exited their positions by a total of 12.27 million shares. This nets out to a decrease of 4.77 million shares and is another bearish sign for IPG.

Insider ownership increased by a total of 0 shares, which suggests that IPG’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 16 buys and 24 sells, and ownership decreased by a net of 663455 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. The Interpublic Group of Companies, Inc. (NYSE:IPG)’s short interest is 24.65 million shares, or 6.39% of the float. This represents an increase of 9% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that IPG is a Strong buy, which implies that IPG is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that The Interpublic Group of Companies, Inc. (NYSE:IPG) is undervalued.

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