Morgan Stanley Stock Rises Monday, Still Underperforms Market
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Shares of Morgan Stanley (MS) inched 0.92% higher to $97.13 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,019.81 and the Dow Jones Industrial Average rising 0.76% to 33,629.56. This was the stock's second consecutive day of gains. Morgan Stanley closed $12.60 short of its 52-week high ($109.73), which the company achieved on February 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as JPMorgan Chase & Co. (JPM) rose 1.62% to $137.27, Wells Fargo & Co. (WFC) rose 2.53% to $45.03, and Charles Schwab Corp. (SCHW) rose 0.91% to $77.73. Trading volume (8.7 M) eclipsed its 50-day average volume of 7.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 23, 2023.
(END) Dow Jones Newswires
January 23, 2023 17:12 ET (22:12 GMT)
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