Morgan Stanley Stock Falls Thursday, Underperforms Market
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Shares of Morgan Stanley (MS) sank 0.11% to $96.08 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.76% to 3,981.35 and the Dow Jones Industrial Average rising 1.05% to 33,003.57. This was the stock's fifth consecutive day of losses. Morgan Stanley closed $4.91 below its 52-week high ($100.99), which the company reached on February 14th.
Despite its losses, the stock outperformed some of its competitors Thursday, as JPMorgan Chase & Co. (JPM) fell 1.04% to $141.07, Wells Fargo & Co. (WFC) fell 1.89% to $45.80, and Charles Schwab Corp. (SCHW) fell 1.71% to $76.09.true Trading volume (4.6 M) remained 2.5 million below its 50-day average volume of 7.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 2, 2023.
(END) Dow Jones Newswires
March 02, 2023 17:11 ET (22:11 GMT)
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