Media stories about Morgan Stanley Emerging Markets Fund (NYSE:MSF) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Morgan Stanley Emerging Markets Fund earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.417843143104 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Morgan Stanley Emerging Markets Fund (NYSE MSF) traded down $0.20 during midday trading on Thursday, reaching $17.11. The company had a trading volume of 15,900 shares, compared to its average volume of 24,844. Morgan Stanley Emerging Markets Fund has a twelve month low of $12.67 and a twelve month high of $18.01.
In related news, major shareholder City Of London Investment Grou purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was acquired at an average cost of $17.51 per share, with a total value of $525,300.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 113,622 shares of company stock valued at $1,993,589 over the last three months.
The Morgan Stanley Emerging Markets Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investments primarily in emerging country equity securities. It invests in various sectors, such as banks; insurance; diversified telecommunication services; food and staples retailing; food products; Internet software and services; oil, gas and consumable fuels; automobiles; beverages; construction and engineering; hotels, restaurants and leisure; independent power producers and energy traders; Internet and catalog retail; machinery; pharmaceuticals, real estate management and development; textiles, apparel and luxury goods; transportation infrastructure, and wireless telecommunication services.
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