Morgan Stanley Stock Rises Wednesday, Still Underperforms Market
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Shares of Morgan Stanley (MS) inched 0.57% higher to $89.43 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.28% to 3,969.61 and the Dow Jones Industrial Average rising 0.80% to 33,973.01. This was the stock's fourth consecutive day of gains. Morgan Stanley closed $20.30 short of its 52-week high ($109.73), which the company reached on February 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. (JPM) rose 0.74% to $139.63, Wells Fargo & Co. (WFC) rose 0.90% to $42.74, and Charles Schwab Corp. (SCHW) fell 2.57% to $83.42. Trading volume (6.1 M) remained 433,708 below its 50-day average volume of 6.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 11, 2023.
(END) Dow Jones Newswires
January 11, 2023 17:12 ET (22:12 GMT)
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