Morgan Stanley (MS) : Traders are bullish on Morgan Stanley (MS) as it has outperformed the S&P 500 by a wide margin of 6.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.65%, 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 6.22% in the last 1 week, and is up 10.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.31% and the 50-Day Moving Average is 6.75%.
Morgan Stanley (NYSE:MS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.25 and $27.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.01, notching a gain of 0.04% for the day. The total traded volume was 18,519,759 . The stock had closed at $28.00 on the previous day.
The company Insiders own 0.35% of Morgan Stanley shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.16% . Institutional Investors own 80.71% of Morgan Stanley shares. During last six month period, the net percent change held by insiders has seen a change of -12.16%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Legal Officer) of Morgan Stanley, Grossman Eric F had sold 24,952 shares worth of $703,896 in a transaction dated May 25, 2016. In this transaction, 24,952 shares were sold at $28.21 per share.
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.