Morgan Stanley Stock Rises Monday, Still Underperforms Market
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Shares of Morgan Stanley (MS) inched 0.05% higher to $98.38 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.07% to 4,048.42 and the Dow Jones Industrial Average rising 0.12% to 33,431.44. This was the stock's second consecutive day of gains. Morgan Stanley closed $2.61 short of its 52-week high ($100.99), which the company achieved on February 14th.
The stock outperformed some of its competitors Monday, as JPMorgan Chase & Co. (JPM) fell 0.58% to $142.82, Wells Fargo & Co. (WFC) fell 0.47% to $46.63, and Charles Schwab Corp. (SCHW) fell 1.05% to $76.60. Trading volume (5.2 M) remained 1.7 million below its 50-day average volume of 6.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 6, 2023.
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March 06, 2023 17:11 ET (22:11 GMT)
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