WPP (NYSE:WPP) Sets New 52-Week Low – Here’s What Happened

Wpp Plc (NYSE:WPP)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $15.55 and last traded at $15.5760, with a volume of 660364 shares. The stock had previously closed at $15.83.

Analyst Ratings Changes

Several research firms have weighed in on WPP. Citigroup started coverage on WPP in a report on Monday, January 12th. They issued a “neutral” rating on the stock. Wall Street Zen upgraded shares of WPP from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research raised shares of WPP from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WPP in a research report on Wednesday, January 21st. Finally, Barclays raised shares of WPP from an “underweight” rating to an “equal weight” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, WPP currently has an average rating of “Hold”.

WPP Trading Down 0.3%

The stock has a fifty day moving average of $18.94 and a two-hundred day moving average of $21.32.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of WPP by 185.0% in the 4th quarter. GAMMA Investing LLC now owns 1,254 shares of the business services provider’s stock worth $28,000 after acquiring an additional 814 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of WPP during the 3rd quarter valued at $28,000. SBI Securities Co. Ltd. raised its position in WPP by 323.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,454 shares of the business services provider’s stock worth $36,000 after purchasing an additional 1,111 shares during the period. Global Retirement Partners LLC lifted its stake in WPP by 1,279.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,821 shares of the business services provider’s stock worth $41,000 after purchasing an additional 1,689 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in WPP by 184.5% in the fourth quarter. Farther Finance Advisors LLC now owns 1,889 shares of the business services provider’s stock worth $42,000 after purchasing an additional 1,225 shares during the last quarter. 4.34% of the stock is owned by hedge funds and other institutional investors.

About WPP

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.