Morgan Stanley (NYSE:MS) has tumbled 0.9% during the past week and has dropped 5.45% in the last 4 week period. The company has outperformed the S&P 500 by 0.29% in the past week but underperformed the index by 6.32% in the last 4 weeks.
Morgan Stanley (NYSE:MS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.10 and $25.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.31, notching a gain of 0.96% for the day. The total traded volume was 19,295,853 . The stock had closed at $25.07 on the previous day.
On the companys insider trading activities,The officer (Chief Legal Officer) of Morgan Stanley, Grossman Eric F sold 24,952 shares at $28.21 on May 25, 2016. The Insider selling transaction had a total value worth of $703,896. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Keefe Bruyette & Woods maintains the rating on Morgan Stanley (NYSE:MS). The brokerage firm has issued a Market Perform rating on the shares. The Analysts at the ratings agency lowers the price target from $31 per share to $30 per share. The rating by the firm was issued on April 19, 2016. Currently 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 80.76% of Morgan Stanley shares. During last six month period, the net percent change held by insiders has seen a change of -12.16%.
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.