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Morgan Stanley Acquires Substantial Stake in EROAD Limited

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An update from EROAD ( (ERDLF) ) is now available.

Morgan Stanley and its subsidiaries have disclosed a substantial holding in EROAD Limited, a company listed on the NZX. The disclosure indicates that Morgan Stanley holds 9,419,349 ordinary shares, representing 5.0260% of the total voting shares in EROAD. This significant investment suggests a strategic interest in EROAD, potentially impacting the company’s market positioning and stakeholder perceptions.

More about EROAD

YTD Price Performance: -17.26%

Average Trading Volume: 200

Technical Sentiment Signal: Strong Buy

Current Market Cap: $94.82M

For detailed information about ERDLF stock, go to TipRanks’ Stock Analysis page.

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