Shares of Morgan Stanley (MS) Sees Large Outflow of Money

Morgan Stanley (MS) : Money flow in the Morgan Stanley (MS) stock was negative (3.09 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $25.71 million, compared to $28.8 million on downticks. The total uptick to downtick ratio was 0.89, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.82 million), indicating selling on the strength. The transaction value during uptick in block trades was $3.57 million. Downtick transaction value in block trades amounted to $0.75 million, indicating persistent selling. The uptick to downtick ratio was 4.77. Morgan Stanley (MS) traded $0.55 higher at $31.96 gaining 1.75% over the previous days close.


Also, Brokerage firm Argus Research maintains its rating on Morgan Stanley (NYSE:MS). As per the latest information, the brokerage house raises the price target to $36 per share from a prior target of $32. The shares have been rated Buy. The rating by the firm was issued on August 17, 2016.

Shares of Morgan Stanley rose by 4.79% in the last five trading days and 12.95% for the last 4 weeks. Morgan Stanley is up 17.9% in the last 3-month period. Year-to-Date the stock performance stands at 3.06%.

Morgan Stanley (NYSE:MS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.45 and $31.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.19, notching a gain of 2.48% for the day. The total traded volume was 13,745,602 . The stock had closed at $31.41 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Hotsuki Keishi, officer (Chief Risk Officer) of Morgan Stanley, had unloaded 246,452 shares at an average price of $30.26 in a transaction dated on August 17, 2016. The total value of the transaction was worth $7,457,638.

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.

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