Two Services Companies Are Hot: Omnicom Group Inc. (OMC), Time Warner Inc. (TWX)
Omnicom Group Inc. (OMC) ended last trading session with a change of -0.21 percent. It trades at an average volume of 1.49M shares versus 2.17M shares recorded at the end of last trading session. The share price of $84.31 is at a distance of 13.69 percent from its 52-week low and down -4.75 percent versus its peak. The company has a market cap of $19.9B and currently has 236.08M shares outstanding. The share price is currently -0.71 percent versus its SMA20, -0.77 percent versus its SMA50, and 1.73 percent versus its SMA200. The stock has a weekly performance of 0.42 percent and is -0.29 percent year-to-date as of the recent close.
March 7, 2017 — Omniwomen, a global organization within Omnicom Group Inc. (OMC), dedicated to championing the number and influence of female talent within the company, is accelerating its global expansion with four new chapter openings in Canada, France, Germany and the United Arab Emirates on International Women’s Day (IWD). The addition of these new countries brings the total number of Omniwomen regional chapters to over 10.
“We launched Omniwomen less than three years ago and it amazes me to see the groundswell of support to increase the number of senior women within our organization around the globe,” said Janet Riccio, Omniwomen Founder and Dean of Omnicom University. “We are fortunate to have the most talented women in our industry and it’s so inspiring to see their creativity and passion to effect change on International Women’s Day and throughout the year.”
Time Warner Inc. (TWX) recently recorded 0.02 percent change and currently at $98.62 is 45.24 percent away from its 52-week low and down -0.67 percent versus its peak. It has a past 5-day performance of 0.54 percent and trades at an average volume of 3.85M shares. The stock has a 1-month performance of 2.76 percent and is 2.59 percent year-to-date as of the recent close. There were about 773.16M shares outstanding which made its market cap $76.25B. The share price is currently 1.33 percent versus its SMA20, 2.59 percent versus its SMA50, and 16.6 percent versus its SMA200.
February 16, 2017 — Time Warner Inc. (TWX) shareholders voted to adopt the merger agreement between AT&T Inc. and Time Warner Inc., with 78% of the outstanding shares of common stock voting in favor; and of the shares voted, 99% were cast in favor of the proposal. Having obtained shareholder approval of the transaction, and with regulatory review of the deal underway, the company continues to expect the transaction to close before yearend 2017.