Investors Buy High Volume of Put Options on Morgan Stanley (MS)
Shares of Morgan Stanley (NYSE:MS) was the target of unusually large options trading activity on Wednesday. Investors bought 12,091 put options on the stock, American Banking & Market News reports. This is an increase of approximately 119% compared to the average daily volume of 5,513 put options.
A number of analysts have recently weighed in on MS shares. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of Morgan Stanley in a research note to investors on Wednesday. They set a “market perform” rating and a $34.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Morgan Stanley from $37.00 to $39.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Morgan Stanley in a research note to investors on Monday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.11.
Morgan Stanley (NYSE:MS) traded up 3.60% on Wednesday, hitting $32.22. The stock had a trading volume of 17,606,866 shares. Morgan Stanley has a 52 week low of $20.16 and a 52 week high of $31.93. The stock’s 50-day moving average is $31.0 and its 200-day moving average is $28.48. The company has a market cap of $62.872 billion and a price-to-earnings ratio of 19.32.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals.
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