This Is What Whales Are Betting On Morgan Stanley
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Morgan Stanley (NYSE:MS), with 75% of recent trades being bearish. The trades indicate a target price range of $65.0 to $92.5 for Morgan Stanley over the last 3 months. The current price of MS is down -1.13% at $72.31, and RSI indicators suggest the stock may be oversold. The next earnings are expected in 85 days.
October 23, 2023 | 4:31 pm
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Bearish stance taken on Morgan Stanley with a target price range of $65.0 to $92.5. Current price is down -1.13% at $72.31, and the stock may be oversold.
The bearish stance taken by a significant investor, along with the target price range and current price drop, suggest a potential negative short-term impact on Morgan Stanley's stock. The oversold indication from RSI indicators further supports this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100