It Seems WPP plc (WPP) Will Go Down. Just Reaches 52 Week Low

March 14, 2018 - By Hazel Jackson

The stock of WPP plc (NYSE:WPP) hit a new 52-week low and has $76.87 target or 5.00 % below today’s $80.92 share price. The 6 months bearish chart indicates high risk for the $20.24 billion company. The 1-year low was reported on Mar, 14 by If the $76.87 price target is reached, the company will be worth $1.01 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.14% or $0.11 during the last trading session, reaching $80.92. About 85,570 shares traded. WPP plc (NYSE:WPP) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Another recent and important WPP plc (NYSE:WPP) news was published by which published an article titled: “WPP Announces Transfer of its American Depositary Shares (ADS) to NYSE” on November 16, 2017.

WPP plc provides various communications services worldwide. The company has market cap of $20.24 billion. The firm operates through four divisions: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. It has a 8.2 P/E ratio. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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