Unpacking the Latest Options Trading Trends in Morgan Stanley
Portfolio Pulse from Benzinga Insights
Recent options trading trends indicate a bullish sentiment towards Morgan Stanley (NYSE:MS) among major investors, with 75% of options activity being bullish. The trading activity suggests a price target range of $60 to $106. The stock is currently trading at $101.94, up 1.37%, with a neutral RSI. An analyst from Wells Fargo downgraded the stock to Underweight with a $95 target.
August 23, 2024 | 4:01 pm
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Morgan Stanley sees increased bullish options activity, with 75% of trades being bullish. The stock is currently up 1.37% at $101.94. Despite this, Wells Fargo downgraded the stock to Underweight with a $95 target.
The significant bullish options activity suggests investor confidence in Morgan Stanley's short-term performance, likely driving the stock price up. However, the downgrade by Wells Fargo introduces a mixed sentiment, potentially limiting the upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100