Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Morgan Stanley shares valued at $8,730,220 were sold by GORMAN JAMES P on Feb 12 ’24. At $87.30 per share, GORMAN JAMES P sold 100,000 shares. The insider’s holdings dropped to 350,000 shares worth approximately $32.08 million following the completion of this transaction.
Also, SAPERSTEIN ANDREW M sold 26,655 shares, netting a total of over 2,324,092 in proceeds. Following the sale of shares at $87.19 each, the insider now holds 286,835 shares.
Before that, GROSSMAN ERIC F had sold 26,562 shares from its account. In a trade valued at $2,352,001, the Chief Legal/Admin Officer traded Morgan Stanley shares for $88.55 each. Upon closing the transaction, the insider’s holdings decreased to 26,562 shares, worth approximately $21.5 million.
As published in a research note from Keefe Bruyette on January 17, 2024, Morgan Stanley [MS] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $91 from $102. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of January 09, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for MS. Earlier on November 28, 2023, Societe Generale downgraded its rating. Their new recommendation was “a Hold” for MS stock which previously was a “a Buy”.
Analyzing MS Stock Performance
During the last five days, there has been a drop of approximately -1.45%. Over the course of the year, Morgan Stanley shares have dropped approximately -1.72%. Shares of the company reached a 52-week high of $94.74 on 04/04/24 and a 52-week low of $83.09 on 02/13/24. A 50-day SMA is recorded $88.47, while a 200-day SMA reached $85.24. Nevertheless, trading volume fell to 5.99 million shares from 4.95 million shares the previous day.
Support And Resistance Levels for Morgan Stanley (MS)
According to the 24-hour chart, there is a support level at 90.92, which, if violated, would cause prices to drop to 90.20. In the upper region, resistance lies at 92.63. The next price resistance is at 93.62. RSI (Relative Strength Index) is 52.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 81.18%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Morgan Stanley subject to short interest?
Stocks of Morgan Stanley saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.89 million shares to 15.13 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 14.24 million shares. A jump of 5.88% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.56 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.56.
