MS
Morgan Stanley
NYSEUSDEQUITY
Financial Services
DELAYED
Neutral
-11/100
Last price
191.58
▲ 1.39 (0.73%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
190.61
Prev close
190.19
Day high
193.14
Day low
190.55
Volume
4.90M
Market cap
$300.01B
P/E (TTM)
15.43
52W range
151.84 – 232.25
Day trading desk
Gap from prior close
+0.22%
Prior close 190.19
VWAP
191.22
+0.19% from price
Relative volume
1.68×
Unusually busy
Session range
1.55%
190.19 – 193.14
Position in range
47%
Mid range
ATR (14D)
4.10
2.14% of price
Prior day high
191.12
PDH
Prior day low
187.58
PDL
Bid / ask spread
—
Quote not published
Session volume
8.66M
Avg 5.14M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-0.90%
-2.9%
1M
-12.26%
-13.4%
3M
-12.40%
-16.9%
6M
+13.41%
-4.8%
YTD
+7.60%
-6.7%
1Y
+21.21%
+4.8%
3Y
+133.89%
+51.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MS open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-96.28K
Net selling
Buy transactions
16
38.04K shares
Sell transactions
7
134.32K shares
Net transactions
+23
Buys less sells
Sell : buy shares
3.5 : 1
Mixed
Insider-held shares
382.04M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 28, 26 | SCHAPIRO MARY L Director |
SELL | 1.00K | $212.06K | Direct |
| Jul 28, 26 | SCHAPIRO MARY L Director |
STOCK | 2.33K | $0 | Direct |
| Jul 17, 26 | PIZZI MICHAEL A Officer |
SELL | 24.16K | $5.21M | Direct |
| Jul 16, 26 | YESHAYA SHARON Chief Financial Officer |
SELL | 15.55K | $3.46M | |
| Jun 1, 26 | JAMES ERIKA HAYES Director |
STOCK | 1.31K | $0 | Direct |
| Jun 1, 26 | MEGAN BUTLER Director |
STOCK | 1.31K | $0 | Direct |
| Jun 1, 26 | NALLY DENNIS M Director |
STOCK | 1.66K | $72.50K | Direct |
| Jun 1, 26 | GLOCER THOMAS HENRY Director |
STOCK | 1.82K | $107.50K | Direct |
| Jun 1, 26 | WILKINS RAYFORDJR Director |
STOCK | 1.31K | $0 | Direct |
| Jun 1, 26 | TRAQUINA PERRY M Director |
STOCK | 1.68K | $77.50K | Direct |
| Jun 1, 26 | HERZ ROBERT H Director |
STOCK | 1.31K | $0 | Direct |
| Jun 1, 26 | MISCIK JUDITH A Director |
STOCK | 1.31K | $0 | Direct |
| Jun 1, 26 | PETERSON DOUGLAS L Director |
STOCK | 1.58K | $57.50K | Direct |
| Jun 1, 26 | LEIBOWITZ SHELLEY B Director |
STOCK | 1.31K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
GLOCER THOMAS HENRY |
Director | 124.55K | Stock Award(Grant) |
GROSSMAN ERIC F |
Officer | 169.40K | Sale |
HERZ ROBERT H |
Director | 102.56K | Stock Award(Grant) |
LUCZO STEPHEN JAMES |
Director | 189.71K | Stock Award(Grant) |
PICK EDWARD N. |
Chief Executive Officer | 775.51K | Stock Award(Grant) |
PIZZI MICHAEL A |
Officer | 121.77K | Sale |
SAPERSTEIN ANDREW MICHAEL |
President | 282.14K | Sale |
SIMKOWITZ DANIEL A |
President | 367.61K | Sale |
SMITH CHARLES AUBREY III |
Officer | 124.62K | Sale |
YESHAYA SHARON |
Chief Financial Officer | — | Sale |
Fundamentals
Market cap$300.01B
Enterprise value$179.29B
Revenue (TTM)$77.83B
Gross profit$68.21B
EBITDA—
Net income$19.55B
EPS (TTM)$12.38
Free cash flow—
Total cash$739.08B
Total debt$607.50B
Book value / share$67.80
Shares outstanding1.57B
Float1.19B
Short % of float1.24%
Dividend yield2.42%
Beta (5Y)1.21
Valuation & profitability ratios
Trailing P/E15.43
Forward P/E14.08
PEG ratio1.67
Price / sales—
Price / book2.82
EV / revenue2.30
EV / EBITDA—
Gross margin87.64%
Operating margin41.57%
Profit margin25.90%
Return on equity17.97%
Return on assets1.34%
Debt / equity517.28
Current ratio2.00
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $65.97B | $57.62B | $50.67B | $50.21B | +14.5% |
| Operating revenue | $65.97B | $57.62B | $50.67B | $50.21B | +14.5% |
| Selling, general & admin | $30.25B | $27.14B | $25.46B | $23.96B | +11.4% |
| Pre-tax income | $21.95B | $17.60B | $11.81B | $14.09B | +24.8% |
| Tax provision | $4.93B | $4.07B | $2.58B | $2.91B | +21.2% |
| Net income | $16.86B | $13.39B | $9.09B | $11.03B | +25.9% |
| Net income to common | $16.25B | $12.80B | $8.53B | $10.54B | +26.9% |
| Basic EPS | 10.32 | 8.04 | 5.24 | 6.23 | +28.4% |
| Diluted EPS | 10.21 | 7.95 | 5.18 | 6.15 | +28.4% |
| Basic shares | 1.57B | 1.59B | 1.63B | 1.69B | -1.1% |
| Diluted shares | 1.59B | 1.61B | 1.65B | 1.71B | -1.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $81.31B | $75.74B | $58.66B | $92.75B | +7.3% |
| Accounts receivable | $114.72B | $86.16B | $80.11B | $78.54B | +33.2% |
| Property, plant & equipment | $20.00M | $23.00M | $23.00M | $4.00M | -13.0% |
| Goodwill & intangibles | $22.74B | $23.16B | $23.76B | $24.27B | -1.8% |
| Total assets | $1.42T | $1.22T | $1.19T | $1.18T | +16.9% |
| Current debt | $21.15B | $21.64B | $8.92B | $5.13B | -2.3% |
| Long-term debt | $349.39B | $288.78B | $267.47B | $241.08B | +21.0% |
| Total debt | $370.54B | $310.42B | $276.39B | $246.22B | +19.4% |
| Total liabilities | $1.31T | $1.11T | $1.09T | $1.08T | +17.8% |
| Retained earnings | $115.09B | $104.99B | $98.00B | $94.86B | +9.6% |
| Shareholder equity | $111.63B | $104.51B | $99.04B | $100.14B | +6.8% |
| Net tangible assets | $88.90B | $81.35B | $75.28B | $75.87B | +9.3% |
| Shares issued | 2.04B | 2.04B | 2.04B | 2.04B | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $17.02B | $13.53B | $9.23B | $11.18B | +25.8% |
| Depreciation & amortisation | $4.66B | $5.16B | $4.26B | $4.00B | -9.7% |
| Stock-based compensation | $1.93B | $1.62B | $1.71B | $1.88B | +18.7% |
| Change in working capital | -$42.82B | -$19.37B | -$49.11B | -$23.50B | -121.0% |
| Operating cash flow | -$17.89B | $1.36B | -$33.54B | -$6.40B | -1,413.4% |
| Capital expenditure | -$2.90B | -$3.46B | -$3.41B | -$3.08B | +16.3% |
| Investing cash flow | -$46.78B | -$29.46B | -$3.08B | -$11.63B | -58.8% |
| Share buybacks | -$5.83B | -$4.20B | -$6.18B | -$10.87B | -39.0% |
| Dividends paid | -$6.59B | -$6.14B | -$5.76B | -$5.40B | -7.4% |
| Financing cash flow | $67.76B | $46.76B | -$2.73B | $22.71B | +44.9% |
| Free cash flow | -$20.79B | -$2.10B | -$36.95B | -$9.47B | -889.9% |
| End cash position | $111.69B | $105.39B | $89.23B | $128.13B | +6.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $19.88B | $19.32B | $16.76B | $17.08B | $15.60B | +2.9% |
| Operating revenue | $19.88B | $19.32B | $16.76B | $17.08B | $15.60B | +2.9% |
| Selling, general & admin | $8.59B | $8.67B | $7.28B | $7.72B | $7.49B | -1.0% |
| Pre-tax income | $7.35B | $7.01B | $5.76B | $6.03B | $4.62B | +4.8% |
| Tax provision | $1.70B | $1.37B | $1.34B | $1.37B | $1.05B | +23.5% |
| Net income | $5.58B | $5.57B | $4.40B | $4.61B | $3.54B | +0.3% |
| Net income to common | $5.44B | $5.41B | $4.25B | $4.45B | $3.39B | +0.5% |
| Basic EPS | 3.50 | 3.47 | 2.72 | 2.83 | 2.15 | +0.9% |
| Diluted EPS | 3.46 | 3.43 | 2.68 | 2.80 | 2.13 | +0.9% |
| Basic shares | 1.55B | 1.56B | 1.56B | 1.57B | 1.58B | -0.4% |
| Diluted shares | 1.57B | 1.58B | 1.59B | 1.59B | 1.59B | -0.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $123.04B | $95.78B | $81.31B | $73.47B | $78.16B | +28.5% |
| Accounts receivable | $151.01B | $132.60B | $114.72B | $113.26B | $98.31B | +13.9% |
| Property, plant & equipment | — | — | $20.00M | — | — | — |
| Goodwill & intangibles | $22.98B | $23.07B | $22.74B | $22.82B | $22.92B | -0.4% |
| Total assets | $1.68T | $1.58T | $1.42T | $1.36T | $1.35T | +5.9% |
| Current debt | $30.91B | $23.70B | $21.15B | $20.92B | $24.57B | +30.4% |
| Long-term debt | $391.46B | $370.53B | $349.39B | $332.20B | $327.77B | +5.6% |
| Total debt | $422.38B | $394.23B | $370.54B | $353.12B | $352.34B | +7.1% |
| Total liabilities | $1.56T | $1.47T | $1.31T | $1.25T | $1.24T | +6.2% |
| Retained earnings | $122.77B | $118.91B | $115.09B | $112.43B | $109.57B | +3.2% |
| Shareholder equity | $116.33B | $114.29B | $111.63B | $109.96B | $108.18B | +1.8% |
| Net tangible assets | $93.35B | $91.22B | $88.90B | $87.14B | $85.27B | +2.3% |
| Shares issued | 2.04B | 2.04B | 2.04B | 2.04B | 2.04B | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $5.65B | $5.64B | $4.42B | $4.66B | $3.58B | +0.3% |
| Depreciation & amortisation | $1.20B | $714.00M | $1.14B | $1.35B | $1.31B | +68.3% |
| Stock-based compensation | $562.00M | $571.00M | $469.00M | $449.00M | $469.00M | -1.6% |
| Change in working capital | -$10.45B | -$14.19B | -$9.16B | -$9.90B | $6.12B | +26.4% |
| Operating cash flow | -$2.75B | -$7.10B | -$2.41B | -$3.33B | $11.83B | +61.3% |
| Capital expenditure | -$819.00M | -$754.00M | -$709.00M | -$713.00M | -$763.00M | -8.6% |
| Investing cash flow | -$7.20B | -$6.60B | -$13.40B | -$10.68B | -$17.67B | -9.2% |
| Share buybacks | -$1.67B | -$2.88B | -$1.53B | -$1.15B | -$1.13B | +41.8% |
| Dividends paid | -$1.68B | -$1.71B | -$1.69B | -$1.71B | -$1.58B | +1.8% |
| Financing cash flow | $37.06B | $36.46B | $23.97B | $9.08B | $21.67B | +1.6% |
| Free cash flow | -$3.57B | -$7.85B | -$3.12B | -$4.04B | $11.07B | +54.6% |
| End cash position | $160.13B | $133.53B | $111.69B | $103.73B | $109.13B | +19.9% |
Options analytics
Put / call volume
0.10
Call-heavy session
Put / call open interest
0.74
Positioning, not flow
Max pain
190.00
-0.5% from spot
ATM implied vol
34.6%
Nearest strike to spot
Skew (10% OTM)
+10.7%
Puts bid over calls
Call volume
11.47K
Contracts, this expiry
Put volume
1.11K
Contracts, this expiry
Heaviest call OI
195.00
1.41K contracts
Heaviest put OI
185.00
1.85K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 2.93 | 3.46 | +17.9% |
| Mar 2026 | 3.02 | 3.43 | +13.7% |
| Dec 2025 | 2.45 | 2.68 | +9.4% |
| Sep 2025 | 2.11 | 2.80 | +32.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 3.00 | 16 | $20.31B | +11.5% |
| Next quarter | 2.95 | 16 | $20.27B | +13.3% |
| Current year | 12.80 | 22 | $82.11B | +16.2% |
| Next year | 13.62 | 22 | $86.39B | +5.2% |
Analyst targets & ownership
Mean target$223.27
High target$262.00
Low target$184.00
Implied upside16.54%
Analyst count22
ConsensusBUY
Strong buy / Buy2 / 9
Hold14
Sell / Strong sell1 / 0
Held by insiders24.33%
Held by institutions63.15%
Institutions holding3.47K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
192.50
-0.48% from price
SMA 20
199.76
-4.37% from price
SMA 50
208.48
-8.38% from price
SMA 100
210.78
-9.11% from price
SMA 200
194.03
-1.55% from price
EMA 12
194.30
-1.40% from price
EMA 26
200.37
-4.39% from price
EMA 50
204.97
-6.53% from price
RSI (14)
31.8
Neutral
MACD (12,26,9)
-6.07
Hist -0.72
ATR (14)
4.10
2.15% of price
Realised vol 30D
20.7%
Annualised
Bollinger upper
216.64
20, 2σ
Bollinger lower
182.87
20, 2σ
50 / 200 cross
Golden
208.48 vs 194.03
Trend bias
Below 200
-1.55%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.39
More volatile than market
Correlation to SPY
0.64
Loosely linked
Realised vol 30D
20.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-19.3%
Peak to trough
Max drawdown 5Y
-35.3%
Peak to trough
ATR 14
4.10
2.15% of price
Beta (reported)
1.21
5Y monthly, from filing
Short interest
Shares short
14.69M
Prior 13.89M
Change vs prior
+5.8%
Shorts adding
% of float
1.24%
Normal
% of shares out
0.94%
Against total outstanding
Days to cover
3.5
Liquid
Float
1.19B
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 6, 26 | BMO Capital | MAINTAINED | Outperform | Outperform |
| Oct 5, 26 | UBS | MAINTAINED | Buy | Buy |
| Oct 1, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Sep 30, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
| Sep 28, 26 | HSBC | MAINTAINED | Hold | Hold |
| Sep 25, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Aug 3, 26 | UBS | MAINTAINED | Buy | Buy |
| Jul 21, 26 | HSBC | MAINTAINED | Hold | Hold |
| Jul 17, 26 | BMO Capital | MAINTAINED | Outperform | Outperform |
| Jul 17, 26 | Freedom Broker | UPGRADE | Hold | Buy |
| Jul 17, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Jul 17, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
Dividends & splits
Forward rate$4.60 / yr
Forward yield2.42%
5-year avg yield2.82%
Payout ratio32.31%
Ex-dividend dateJul 31, 2026
Next pay dateAug 14, 2026
Last split2:1
Split dateJan 27, 2000
SEC filings
Corporate Changes & Voting Matters
8-K · 2025-05-16
Periodic Financial Reports
10-K · 2025-02-21
A correspondence can be sent as a document with another submission type or can be sent as a separate submission
CORRESP · 2024-08-26
Tender Offer/Acquisition Reports
SC 13G/A · 2024-07-10
A correspondence can be sent as a document with another submission type or can be sent as a separate submission
CORRESP · 2024-04-11
Tender Offer/Acquisition Reports
SC 13G · 2024-02-12
Tender Offer/Acquisition Reports
SC 13G/A · 2024-02-09
Corporate Changes & Voting Matters
8-K · 2023-12-01
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.