Omnicom Group (OMC) Offering Possible 11.11% Return Over the Next 17 Calendar Days

Omnicom Group’s most recent trend suggests a bearish bias. One trading opportunity on Omnicom Group is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 11.11% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $62.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Omnicom Group is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Omnicom Group is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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Mike Doyle Named President and CEO of Ketchum as Barri Rafferty Departs
Mon, 22 Jun 2020 18:01:00 +0000
Mike Doyle, a 25-year veteran of Ketchum, has been named President and Chief Executive Officer as Barri Rafferty, Ketchum’s President and CEO for the past two-and-a-half years, is leaving the firm to head corporate communications at Wells Fargo. Rob Flaherty continues in his role as Chairman of Ketchum. Doyle will report to John Doolittle, Interim CEO of Omnicom Public Relations Group.

Two Omnicom Public Relations Group Firms Form Partnership
Fri, 19 Jun 2020 13:09:01 +0000
Omnicom Public Relations Group forms a part of the Omnicom Group (OMC). The partnership between two OPRG firms aims at developing innovative solutions and strengthening collective offerings.

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