Morgan Stanley (MS) : Traders are bullish on Morgan Stanley (MS) as it has outperformed the S&P 500 by a wide margin of 5.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.76%, 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 4.73% in the last 1 week, and is up 5.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Morgan Stanley is up 14.91% in the last 3-month period. Year-to-Date the stock performance stands at -2.19%. The stock has recorded a 20-day Moving Average of 4.9% and the 50-Day Moving Average is 12.1%.
Morgan Stanley (NYSE:MS): The stock was completely flat for the day, closing at $30.55 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $30.40, the stock touched an intraday high of $30.72 and a low of $30.26. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $30.55. The total trading volume on Friday was 8,832,109.
Also, Equity Analysts at the Brokerage Firm, Argus Research, maintains their rating on the shares of Morgan Stanley (NYSE:MS). Argus Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $32. The rating by the firm was issued on August 17, 2016.
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.