Morgan Stanley (MS) in Focus: Stock Moves 6.6% Higher

Zacks Equity Research

Morgan Stanley MS was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $50.66 to $52.94 in the past one-month time frame.

The move came in after the company reported better-than-expected results in the fourth quarter of 2019.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Morgan Stanley currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Morgan Stanley Price

Morgan Stanley Price

Investors interested in the Financial - Investment Bank industry may consider LPL Financial Holdings Inc. LPLA, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Click to get this free report Morgan Stanley (MS) : Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report To read this article on click here. Zacks Investment Research