WPP plc – American Depositary Shares each representing five (WPPGY) Sees Strong Trading Volume
Shares of WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) saw unusually-high trading volume on Wednesday . Approximately 289,240 shares were traded during mid-day trading, an increase of 119% from the previous session’s volume of 131,982 shares.The stock last traded at $115.55 and had previously closed at $117.57.
Separately, Zacks Investment Research cut shares of WPP plc – American Depositary Shares each representing five from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $133.00.
The stock’s 50 day moving average price is $113.39 and its 200 day moving average price is $112.80. The firm has a market capitalization of $29.61 billion and a P/E ratio of 20.08.
An institutional investor recently raised its position in WPP plc – American Depositary Shares each representing five stock. US Bancorp DE raised its position in WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,222 shares of the company’s stock after buying an additional 10,605 shares during the period. US Bancorp DE owned approximately 0.07% of WPP plc – American Depositary Shares each representing five worth $19,876,000 as of its most recent SEC filing.
WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.
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