Morgan Stanley Stock Rises Thursday, Still Underperforms Market
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Shares of Morgan Stanley (MS) inched 0.90% higher to $96.50 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.10% to 4,060.43 and the Dow Jones Industrial Average rising 0.61% to 33,949.41. This was the stock's second consecutive day of gains. Morgan Stanley closed $13.23 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 Thursday, as JPMorgan Chase & Co. (JPM) rose 0.62% to $139.98, Wells Fargo & Co. (WFC) rose 1.04% to $45.81, and Charles Schwab Corp. (SCHW) fell 1.46% to $78.05. Trading volume (6.1 M) remained 1.1 million below its 50-day average volume of 7.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 26, 2023.
(END) Dow Jones Newswires
January 26, 2023 17:12 ET (22:12 GMT)
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