Omnicom Group Inc. Stock Rises Tuesday, Still Underperforms Market

Ashland Inc

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Company profile

Ashland Inc. is a global additives and specialty ingredients company. It serves customers in a range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceuticals. Its segments include life sciences, personal care, specialty additives, and intermediates. The life sciences segment includes pharmaceuticals, nutraceuticals and nutrition, and diagnostic films and agricultural chemicals. The personal care segment skin and sun care, hair care, oral care, home care, and others. The specialty additives segment includes coatings, construction, and energy. The intermediates segment produces and supplies butanediol (BDO), Tetrahydrofuran (THF), n-methyl-pyrrolidone (NMP) and gamma-butyrolactone (GBL, BLO) in addition to other downstream products. Its products include acrylates, aquaflow, biofunctionals, cellulosics, cyclodextrins, encapsulates, emollient esters, emulsifiers, and others.

Omnicom Group Inc. Stock Rises Tuesday, Still Underperforms Market

5:15 pm ET January 31, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Omnicom Group Inc. (OMC) advanced 1.36% to $85.99 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.46% to 4,076.60 and the Dow Jones Industrial Average rising 1.09% to 34,086.04. The stock's rise snapped a three-day losing streak. Omnicom Group Inc. closed $5.62 below its 52-week high ($91.61), which the company reached on February 10th.

The stock underperformed when compared to some of its competitors Tuesday, as Trade Desk Inc. Cl A (TTD) rose 3.01% to $50.70 and Gartner Inc. (IT) rose 1.48% to $338.14. Trading volume (2.3 M) eclipsed its 50-day average volume of 1.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 31, 2023.

(END) Dow Jones Newswires

January 31, 2023 17:15 ET (22:15 GMT)