Looking At Morgan Stanley's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity on Morgan Stanley (NYSE:MS) shows a bearish sentiment among big-money traders, with 50% of trades being bearish. The options activity suggests a price window of $80 to $105 for MS. The stock is currently trading at $100.73, up by 1.44%, but may be approaching overbought levels. An analyst from Goldman Sachs has downgraded MS to Neutral with a price target of $105.
September 19, 2024 | 8:31 pm
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Morgan Stanley's recent options activity indicates a bearish sentiment among large investors, with 50% of trades being bearish. The stock is currently trading at $100.73, up by 1.44%, but may be overbought. Goldman Sachs has downgraded the stock to Neutral with a price target of $105.
The unusual options activity with a bearish sentiment suggests that large investors expect a potential decline in MS's stock price. The downgrade by Goldman Sachs to Neutral with a price target of $105 further supports a cautious outlook. The current price increase and RSI readings indicating overbought conditions add to the likelihood of a short-term price decline.
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