Morgan Stanley (MS) : Traders are bullish on Morgan Stanley (MS) as it has outperformed the S&P 500 by a wide margin of 7.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.97% in the last 1 week, and is up 10.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Morgan Stanley (NYSE:MS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.60 and $28.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.01, notching a gain of 2.58% for the day. The total traded volume was 11,881,867 . The stock had closed at $28.28 on the previous day.
The stock has recorded a 20-day Moving Average of 3.24% and the 50-Day Moving Average is 8.56%. Morgan Stanley is up 11.28% in the last 3-month period. Year-to-Date the stock performance stands at -7.12%.
Morgan Stanley (MS) : Currently there are 12 street experts covering Morgan Stanley (MS) stock. The most bullish and bearish price target for the stock is $45 and $29 respectively for the short term. The average price target of all the analysts comes to $33. The estimated standard deviation from the target is $4.75.
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.