Shares Of Morgan Stanley (MS) Exceed 52-Week High

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Shares of Morgan Stanley MS traded at a new 52-week high today of $105.65. This new high was reached on below-average trading volume as 2.4 million shares traded hands, while the average 30-day volume is approximately 8.9 million shares.

Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments. The company had about $4 trillion of client assets as well as nearly 70,000 employees at the end of 2020. Approximately 40% of the company’s net revenue is from its institutional securities business, with the remainder coming from wealth and investment management. The company derives about 30% of its total revenue outside the Americas.

Morgan Stanley MS is currently priced 14.2% above its average consensus analyst price target of $89.29.

In the past 52 weeks, Morgan Stanley's share prices are bracketed by a low of $45.86 and a high of $105.65 and is now at $104.02, 127% above that low price.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.