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MSDL (Morgan Stanley Direct Lending Fund) may reap gains as insiders became active recently

Morgan Stanley Direct Lending Fund’s filing revealed that its Director FRANK BRUCE D acquired Company’s shares for reported $8608.0 on Nov 11 ’24. In the deal valued at $20.50 per share,420 shares were bought. As a result of this transaction, FRANK BRUCE D now holds 3,695 shares worth roughly $76856.0.

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UBS downgraded its Morgan Stanley Direct Lending Fund [MSDL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid May from “an Outperform” to “a Mkt perform”. Wells Fargo began covering MSDL with “an Equal weight” recommendation on February 20, 2024. UBS started covering the stock on February 20, 2024. It rated MSDL as “a Buy”.

Price Performance Review of MSDL

On Monday, Morgan Stanley Direct Lending Fund [NYSE:MSDL] saw its stock jump 1.81% to $20.80. Over the last five days, the stock has gained 1.22%. Morgan Stanley Direct Lending Fund shares have risen nearly 1.79% since the year began. SMA at 50 days reached $20.07, while 200 days put it at $21.09.

Levels Of Support And Resistance For MSDL Stock

The 24-hour chart illustrates a support level at 20.57, which if violated will result in even more drops to 20.34. On the upside, there is a resistance level at 20.98. A further resistance level may holdings at 21.16. The Relative Strength Index (RSI) on the 14-day chart is 63.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.32%. Stochastics %K at 89.01% indicates the stock is a selling.

The most recent change occurred on February 20, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $21 price target.

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