MORN Stock Summary and Trading Ideas (Morningstar | NASDAQ:MORN)

Morningstar Inc is a provider of independent investment research to financial advisers, asset managers, and investors. The company focuses its operations on two core sectors: data and research. It offers data on investments such as mutual funds, stocks, exchange-traded funds, closed-end funds, separate accounts, and variable annuities. Further, the company tracks real-time market data of equity, derivative, currency exchanges, and other investments. In its research operation, Morningstar offers analyst research on passive and active mutual funds, alternative funds, and college saving plans. Morningstar's largest share of revenue is generated in the United States of America.

Morningstar trades on the NASDAQ stock market under the symbol MORN.

As of April 19, 2024, MORN stock price climbed to $294.26 with 40,505 million shares trading.

MORN has a beta of 0.95, meaning it tends to be less sensitive to market movements. MORN has a correlation of 0.13 to the broad based SPY ETF.

MORN has a market cap of $12.56 billion. This is considered a Large Cap stock.

In the last 3 years, MORN stock traded as high as $350.21 and as low as $163.28.

The top ETF exchange traded funds that MORN belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

MORN has outperformed the market in the last year with a return of +41.6%, while the SPY ETF gained +21.6%. In the last 3 month period, MORN beat the market returning +6.5%, while SPY returned +4.7%. However, in the most recent 2 weeks MORN has underperformed the stock market by returning -3.2%, while SPY returned -3.1%.

MORN support price is $288.48 and resistance is $296.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MORN stock will trade within this expected range on the day.