Morgan Stanley Form4 Filing Shows Chairman James P Gorman Sold 100,000 Shares Of Common Stock At A Price Of $90.21/Share
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley's Chairman James P. Gorman sold 100,000 shares of common stock at $90.21/share, according to a Form 4 filing with the SEC.
April 19, 2024 | 8:14 pm
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NEGATIVE IMPACT
James P. Gorman, Chairman of Morgan Stanley, sold 100,000 shares at $90.21/share. This insider sale could influence investor perception.
Insider sales, especially of this magnitude, can lead to negative investor sentiment as it may be perceived as a lack of confidence in the company's future prospects by insiders. This can potentially lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100