News articles about Morg Stan India (NYSE:IIF) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Morg Stan India earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.6534234887542 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Morg Stan India (NYSE:IIF) traded up 2.81% during mid-day trading on Monday, reaching $34.75. The company’s stock had a trading volume of 45,768 shares. Morg Stan India has a 12 month low of $23.30 and a 12 month high of $35.83. The company’s 50-day moving average is $34.12 and its 200 day moving average is $32.13.
In related news, major shareholder City Of London Investment Grou purchased 24,278 shares of Morg Stan India stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average price of $32.46 per share, for a total transaction of $788,063.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 57,468 shares of company stock worth $1,876,088 in the last quarter.
About Morg Stan India
Morgan Stanley India Investment Fund, Inc is a non-diversified, closed-end management investment company. The Fund may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The Fund invests in a range of portfolio sectors, including auto components; automobiles; banks; capital markets; construction and engineering; construction materials; consumer finance; diversified financial services; electronic equipment, instruments and components; gas utilities; information technology services; machinery; media; personal products; oil, gas and consumable fuels; pharmaceuticals; tobacco; transportation infrastructure, and water utilities.
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