Morgan Stanley (MS): Not All Is OK

The stock of Morgan Stanley (NYSE:MS) has been Upgraded to Buy from Neutral by Citigroup in its latest research note that was published on July 12. MS was given a price target of $52 by Citigroup, with other Wall Street analysts also giving their reports regarding the stock. Citigroup analysts have downgraded their rating of MS stock from Buy to Neutral in a separate flash note to investors on April 18. Analysts at Societe Generale downgraded the stock to a Sell call from its previous Hold stance, in a research note that dated back to February 01.

MS surged by $0.11 during the normal trading session on Monday and reaching a high of $43.78 during the day while it closed the day at $43.56. The Morgan stock had a low trading volume of 7.09 million shares on that day, which is low compared to the average daily volume of 9.98M shares. MS has also lost 2.66% of its value over the past 7 days. However, the stock has surged by 1.14% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.60% while it has added 9.86% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -4.83% from its 3 months high price. However, taking another look at MS will indicate that it is trading +12.38% away from its 90-day low. Looking at the bigger picture, the Morgan Stanley stock has dropped by -11.91% from its 52-week high while it has surged by +18.56% from its 52-week low price.

On April 18, 2019 SIMKOWITZ DANIEL A, Head of Investment Management bought 7000 shares of the company. The average price for that transaction was $47.57 per share, which meant that SIMKOWITZ DANIEL A spent $332990 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Deputy CFO, WIRTH PAUL C selling 25000 shares of this stock on February 26, 2019. The average selling price for the stock was $42.4 per share, with the sold stock accruing $1060000. Following this transaction, the Deputy CFO WIRTH PAUL C now holds 112420 shares of the company, which is worth around $4909381.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that MS stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that Morgan has a 20-day average volume of 9938432 shares. This has led to the MS price forecast being placed as a age: Hold on an average basis. In the medium term, however, the MS stock has its 50-Day average volume of 10203343 shares, with the indicators also rating it as a : 50%Sell. Finally, in the long-term, the MS stocks have a 100-Day average volume of 9627627 shares, with the long-term indicators rating the stock as just : 100%Buy. Looking at the three indicators, the MS stock has been set on a 0.24 Buy rating.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 68.47%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 69.02%. Over the past 20 days, Morgan’s Stochastic %K stood at 72.79% while its Stochastic %D was revealed to be 76.8%.