Morgan Stanley Stock Underperforms Tuesday When Compared To Competitors
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Shares of Morgan Stanley (MS) shed 1.67% to $95.51 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.31% to 33,733.96 and the S&P 500 Index falling 0.07% to 4,016.95. The stock's fall snapped a two-day winning streak. Morgan Stanley closed $14.22 below its 52-week high ($109.73), which the company achieved on February 10th.
The stock underperformed when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) rose 0.86% to $138.45, Wells Fargo & Co. (WFC) fell 1.29% to $44.45, and Charles Schwab Corp. (SCHW) rose 1.96% to $79.25. Trading volume (4.8 M) remained 2.5 million below its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 24, 2023.
(END) Dow Jones Newswires
January 24, 2023 17:11 ET (22:11 GMT)
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