Morgan Stanley (NYSE:MS), A drop of 461,636 shares or 2.8% was seen in the short interest of Morgan Stanley. Even as the interest dropped from 16,313,817 shares on May 31,2016 to 15,852,181 shares on June 15,2016, the days to cover came in at 1. The updated interest stood at 1.1% of the stocks floats. The stock has seen an average daily volume of 12,147,562 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Morgan Stanley (NYSE:MS): The stock opened at $25.07 on Friday but the bulls could not build on the opening and the stock topped out at $25.53 for the day. The stock traded down to $24.51 during the day, due to lack of any buying support eventually closed down at $24.52 with a loss of -10.15% for the day. The stock had closed at $27.29 on the previous day. The total traded volume was 49,311,895 shares.
The company shares have dropped -36.00% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $41.04 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $26.37 and the 200 Day Moving Average price is recorded at $26.69.
Morgan Stanley (NYSE:MS) has tumbled 3.12% during the past week and has dropped 10.93% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.51%. Morgan Stanley (NYSE:MS) has underperformed the index by 8.24% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company provides a variety of products and financial services to a group of clients and customers, including corporations, governments, financial institutions and individuals. The Companys operating segments include Institutional Securities, Wealth Management and Investment Management. The Companys Institutional Securities business segment provides financial advisory and capital-raising services to a group of corporate and other institutional clients. Wealth Management business segment provides financial services to clients through a network of 16,076 global representatives in 622 locations. Investment Management business segment consists of Traditional Asset Management, Alternative Investments, Merchant Banking and Real Estate Investing activities and offers clients an array of equity, fixed income, alternative investments, real estate and merchant banking strategies.