Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $31.53 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 $21.14 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 -1.71%. Over the course of the year, Morgan Stanley shares have dropped approximately -3.40%. 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 $88.56, while a 200-day SMA reached $85.32. Nevertheless, trading volume fell to 9.54 million shares from 18.29 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 89.35, which, if violated, would cause prices to drop to 88.63. In the upper region, resistance lies at 91.12. The next price resistance is at 92.17. RSI (Relative Strength Index) is 50.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.43, which suggests the price will decrease in the coming days. Percent R is at 47.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
