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Morgan Stanley's Gorman makes first-ever stock sales

Dec. 05, 2016 7:49 AM ETMorgan Stanley (MS) StockMSBy: Stephen Alpher, SA News Editor3 Comments
  • Morgan Stanley (NYSE:MS) CEO James Gorman sold 100K shares of company stock last week for $41.38 each. According to Bloomberg, it's the first time he's ever sold shares in the bank he runs.
  • He still owns more than 1.2M shares.
  • The sale comes following a powerful rally that's taken the stock to its highest level since 2008.

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