Morgan Stanley Stock Underperforms Thursday When Compared To Competitors
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Shares of Morgan Stanley (MS) slid 2.52% to $94.15 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.76% to 3,898.85 and Dow Jones Industrial Average falling 0.76% to 33,044.56. This was the stock's second consecutive day of losses. Morgan Stanley closed $15.58 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 Thursday, as JPMorgan Chase & Co. (JPM) fell 1.33% to $134.75, Wells Fargo & Co. (WFC) fell 0.99% to $42.95, and Charles Schwab Corp. (SCHW) fell 6.22% to $76.32. Trading volume (13.5 M) eclipsed its 50-day average volume of 7.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2023.
(END) Dow Jones Newswires
January 19, 2023 17:11 ET (22:11 GMT)
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