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Keefe Bruyette downgrades Morgan Stanley (MS) stock to a Mkt perform

In a filing, Morgan Stanley revealed its Chief Human Resources Officer CRAWLEY MANDELL unloaded Company’s shares for reported $0.69 million on May 14 ’24. In the deal valued at $99.61 per share,6,954 shares were sold. As a result of this transaction, CRAWLEY MANDELL now holds 46,274 shares worth roughly $4.42 million.

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Then, GORMAN JAMES P sold 100,000 shares, generating $9,020,530 in total proceeds. Upon selling the shares at $90.21, the Executive Chairman now owns 414,870 shares.

Before that, Smith Charles Aubrey III sold 11,200 shares. Morgan Stanley shares valued at $1,009,019 were divested by the Chief Risk Officer at a price of $90.09 per share. As a result of the transaction, Smith Charles Aubrey III now holds 126,190 shares, worth roughly $12.04 million.

Keefe Bruyette downgraded its Morgan Stanley [MS] rating to a Mkt perform from a an Outperform in a research note published on January 17, 2024; the price target was decreased to $91 from $102. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “a Neutral”. HSBC Securities also remained covering MS and has decreased its forecast on January 09, 2024 with a “Hold” recommendation from previously “Buy” rating. Societe Generale revised its rating on November 28, 2023. It rated MS as “a Hold” which previously was an “a Buy”.

Price Performance Review of MS

On Tuesday, Morgan Stanley [NYSE:MS] saw its stock fall -1.00% to $95.43. Over the last five days, the stock has lost -1.19%. Morgan Stanley shares have risen nearly 2.34% since the year began. Nevertheless, the stocks have risen 10.69% over the past one year. While a 52-week high of $103.25 was reached on 05/21/24, a 52-week low of $69.42 was recorded on 02/13/24. SMA at 50 days reached $94.89, while 200 days put it at $86.87. A total of 5.33 million shares were traded, compared to the trading of 4.57 million shares in the previous session.

Levels Of Support And Resistance For MS Stock

The 24-hour chart illustrates a support level at 94.62, which if violated will result in even more drops to 93.80. On the upside, there is a resistance level at 96.35. A further resistance level may holdings at 97.27. The Relative Strength Index (RSI) on the 14-day chart is 42.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.96%. Stochastics %K at 13.65% indicates the stock is a buying.

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