WPP (NYSE:WPP - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Monday.
Separately, Citigroup upgraded WPP to a "strong-buy" rating in a research report on Thursday, August 8th.
Read Our Latest Analysis on WPP
WPP Stock Performance
NYSE WPP traded up $0.36 during trading on Monday, hitting $53.60. 85,358 shares of the stock traded hands, compared to its average volume of 160,423. WPP has a 12-month low of $42.49 and a 12-month high of $54.45. The firm has a 50-day simple moving average of $50.40 and a 200-day simple moving average of $49.30.
Institutional Investors Weigh In On WPP
Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of WPP by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 648 shares of the business services provider's stock worth $33,000 after purchasing an additional 202 shares during the period. Mezzasalma Advisors LLC lifted its holdings in WPP by 7.3% during the third quarter. Mezzasalma Advisors LLC now owns 5,291 shares of the business services provider's stock worth $271,000 after buying an additional 358 shares during the period. Aaron Wealth Advisors LLC boosted its position in WPP by 8.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 4,707 shares of the business services provider's stock valued at $215,000 after acquiring an additional 364 shares in the last quarter. Signaturefd LLC increased its holdings in shares of WPP by 4.2% in the 2nd quarter. Signaturefd LLC now owns 9,504 shares of the business services provider's stock valued at $435,000 after acquiring an additional 380 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of WPP by 62.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider's stock worth $66,000 after acquiring an additional 505 shares in the last quarter. 4.34% of the stock is currently owned by hedge funds and other institutional investors.
WPP Company Profile
(
Get Free Report)
WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider WPP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WPP wasn't on the list.
While WPP currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
