Morgan Stanley Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Morgan Stanley (NYSE:MS) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $75.0 to $90.0 for Morgan Stanley over the last 3 months. HSBC has downgraded its action to Buy with a price target of $99, while Oppenheimer maintains their Outperform rating with a price target of $105.
September 08, 2023 | 5:45 pm
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A large investor has taken a significant bearish stance on Morgan Stanley, with unusual options activity indicating a price target range of $75.0 to $90.0. HSBC has downgraded its rating to Buy with a price target of $99, while Oppenheimer maintains an Outperform rating with a target of $105.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests a potential downward pressure on Morgan Stanley's stock price in the short term. This is further supported by HSBC's downgrade of its rating to Buy with a lower price target of $99. However, Oppenheimer's maintained Outperform rating with a higher target of $105 could provide some upward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100