IPG Stock Summary and Trading Ideas (Interpublic Gr Of Cos | NYSE:IPG)

Interpublic Group is among the world's largest advertising holding companies based on annual revenue. It provides traditional advertising services along with digital and other services such as public relations through various acquisitions. IPG has made these services available in over 100 countries. The company generates about 65% of revenue in the US and 17% in the UK and Europe.

Interpublic Gr Of Cos trades on the NYSE stock market under the symbol IPG.

As of May 3, 2024, IPG stock price climbed to $30.72 with 1,977,888 million shares trading.

IPG has a beta of 0.87, meaning it tends to be less sensitive to market movements. IPG has a correlation of 0.14 to the broad based SPY ETF.

IPG has a market cap of $11.59 billion. This is considered a Large Cap stock.

Last quarter Interpublic Gr Of Cos reported $2 billion in Revenue and $.36 earnings per share. This beat revenue expectation by $246 million and exceeded earnings estimates by $.01.

In the last 3 years, IPG stock traded as high as $40.95 and as low as $25.14.

The top ETF exchange traded funds that IPG belongs to (by Net Assets): VTI, VOO, XLC, SCHD, DVY.

IPG has underperformed the market in the last year with a price return of -7.7% while the SPY ETF gained +27.0%. IPG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.1% and 0.0%, respectively, while the SPY returned +3.7% and +3.3%, respectively.

IPG support price is $30.07 and resistance is $30.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IPG stock will trade within this expected range on the day.