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HSBC Securities upgrades Morgan Stanley (MS) stock to a Buy

Morgan Stanley’s recent filing unveils that its Indirectly controlled by the i MORGAN STANLEY SMITH BARNEY LL acquired Company’s shares for reported $0.45 million on Oct 18 ’24. In the deal valued at $119.85 per share,3,756 shares were bought.

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Then, LUCZO STEPHEN J sold 60,000 shares, generating $7,150,470 in total proceeds. Upon selling the shares at $119.17, the Director now owns 138,363 shares.

Before that, LUCZO STEPHEN J bought 60,000 shares. Morgan Stanley shares valued at $7,132,765 were divested by the Director at a price of $118.88 per share.

HSBC Securities upgraded its Morgan Stanley [MS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Neutral”. Wells Fargo also remained covering MS and has decreased its forecast on August 02, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Oppenheimer revised its rating on July 17, 2024. It rated MS as “a Perform” which previously was an “an Outperform”.

Price Performance Review of MS

On Tuesday, Morgan Stanley [NYSE:MS] saw its stock jump 0.14% to $119.30. Over the last five days, the stock has gained 0.83%. Morgan Stanley shares have risen nearly 27.94% since the year began. Nevertheless, the stocks have risen 69.46% over the past one year. While a 52-week high of $121.45 was reached on 10/16/24, a 52-week low of $69.42 was recorded on 02/13/24. SMA at 50 days reached $106.00, while 200 days put it at $96.82.

Levels Of Support And Resistance For MS Stock

The 24-hour chart illustrates a support level at 118.72, which if violated will result in even more drops to 118.13. On the upside, there is a resistance level at 119.99. A further resistance level may holdings at 120.67. The Relative Strength Index (RSI) on the 14-day chart is 70.37, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.58%. Stochastics %K at 78.67% indicates the stock is a holding.

How much short interest is there in Morgan Stanley?

A steep rise in short interest was recorded in Morgan Stanley stocks on 2024-10-15, growing by 1.6 million shares to a total of 16.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 15.23 million shares. There was a rise of 9.52%, which implies that there is a positive sentiment for the stock.

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