Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Morgan Stanley shares valued at $9,020,530 were sold by GORMAN JAMES P on Apr 18 ’24. At $90.21 per share, GORMAN JAMES P sold 100,000 shares. The insider’s holdings dropped to 414,870 shares worth approximately $38.94 million following the completion of this transaction.
Also, Smith Charles Aubrey III sold 11,200 shares, netting a total of over 1,009,019 in proceeds. Following the sale of shares at $90.09 each, the insider now holds 126,190 shares.
Before that, GORMAN JAMES P had sold 100,000 shares from its account. In a trade valued at $8,730,220, the Executive Chairman traded Morgan Stanley shares for $87.30 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $32.85 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 surge of approximately 4.19%. Over the course of the year, Morgan Stanley shares have jumped approximately 0.64%. 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 $89.16, while a 200-day SMA reached $85.51. Nevertheless, trading volume fell to 4.88 million shares from 6.39 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 93.23, which, if violated, would cause prices to drop to 92.61. In the upper region, resistance lies at 94.27. The next price resistance is at 94.69. RSI (Relative Strength Index) is 61.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.43, which suggests the price will increase in the coming days. Percent R is at 3.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
