Interpublic Group, the globe’s second largest agency holding company, watched helplessly on Tuesday as its share price continued the freefall precipitated by its audit committee’s weekend request that it postpone publication of its Q2 results by one week [WAMN: 06-Aug-02].
Following Monday’s 24% slide, the gravitational pull halved yesterday as shares plunged a further 11%. IPG stock closed Tuesday evening at $13.40 (€13.85; £8.72).
This compares with a 52-week high of $34.98 in April.
Data sourced from: AdWeek.com; additional content by WARC staff