WPP stock falls to lowest level since 2012 on news of fourth-quarter slowdown

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WPP stock falls to lowest level since 2012 on news of fourth-quarter slowdown
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The stock was trading at 774.0 points during early deals Thursday, its lowest level since 2012.

Mark Read, CEO of WPP Group, the largest global advertising and public relations agency, poses for a portrait at their offices in London, Britain, July 17, 2019.'s stock has fallen sharply as the company forecast flat organic revenue and headline operating profit for 2020.

Like other ad agency groups, WPP is grappling with new types of competitor such as consultancies and tech companies. Accenture Interactive was named the world's largest digital agency by industry publication Ad Age in 2019, while

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