WPP (NYSE:WPP) Sees Strong Trading Volume – Here’s What Happened

Shares of WPP plc (NYSE:WPP) saw an uptick in trading volume on Wednesday . 371,833 shares traded hands during trading, an increase of 132% from the previous session’s volume of 160,206 shares.The stock last traded at $53.82 and had previously closed at $53.77.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WPP shares. Citigroup upgraded shares of WPP to a “strong-buy” rating in a report on Thursday, August 8th. StockNews.com cut WPP from a “buy” rating to a “hold” rating in a research note on Monday, November 18th.

WPP Stock Performance

The company’s 50-day moving average is $51.97 and its 200 day moving average is $49.56.

Institutional Trading of WPP

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of WPP by 45.3% during the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 202 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of WPP by 767.1% during the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock valued at $35,000 after buying an additional 652 shares during the period. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 505 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of WPP in the second quarter worth $80,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in WPP during the third quarter valued at $84,000. 4.34% of the stock is currently owned by hedge funds and other institutional investors.

WPP Company Profile

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.