Morgan Stanley Stock Outperforms Market On Strong Trading Day

Wesco International Inc

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Industrials : Trading Companies & Distributors | Mid Cap Blend

Company profile

WESCO International, Inc. is a provider of business-to-business distribution, logistics services and supply chain solutions. The Company conducts its business through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). The EES segment supplies a range of products and solutions primarily to the construction, industrial and original equipment manufacturer (OEM) markets. Its EES segment supplies various products, including electrical equipment and supplies, automation and connected devices (the Internet of Things), security, lighting, wire and cable, safety, and maintenance, repair and operating (MRO) products. Its CSS segment operates in the network infrastructure and security markets. The UBS segment provides products and services to investor-owned utilities, public power companies, including municipalities, as well as global service providers, wireless providers and broadband operators.

Morgan Stanley Stock Outperforms Market On Strong Trading Day

5:11 pm ET January 25, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Morgan Stanley (MS) inched 0.14% higher to $95.64 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.03% to 33,743.84 and the S&P 500 Index falling 0.02% to 4,016.22. Morgan Stanley closed $14.09 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 Wednesday, as JPMorgan Chase & Co. (JPM) rose 0.48% to $139.12, Wells Fargo & Co. (WFC) rose 2.00% to $45.34, and Charles Schwab Corp. (SCHW) fell 0.05% to $79.21. Trading volume (5.9 M) remained 1.4 million below its 50-day average volume of 7.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 25, 2023.

(END) Dow Jones Newswires

January 25, 2023 17:11 ET (22:11 GMT)