Morgan Stanley Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Morgan Stanley (MS) rose 1.25% to $91.66 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.40% to 3,999.09 and the Dow Jones Industrial Average rising 0.33% to 34,302.61. This was the stock's sixth consecutive day of gains. Morgan Stanley closed $18.07 below 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 Friday, as JPMorgan Chase & Co. (JPM) rose 2.52% to $143.01, Wells Fargo & Co. (WFC) rose 3.25% to $44.22, and Charles Schwab Corp. (SCHW) fell 0.60% to $82.98. Trading volume (8.4 M) eclipsed its 50-day average volume of 6.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 13, 2023.
(END) Dow Jones Newswires
January 13, 2023 17:12 ET (22:12 GMT)
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