Morgan Stanley Stock Outperforms Competitors Despite Losses On The Day
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Shares of Morgan Stanley (MS) slipped 2.36% to $96.06 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.53% to 3,986.37 and Dow Jones Industrial Average falling 1.72% to 32,856.46. The stock's fall snapped a two-day winning streak. Morgan Stanley closed $4.93 short of its 52-week high ($100.99), which the company reached on February 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) fell 2.94% to $138.62, Wells Fargo & Co. (WFC) fell 4.68% to $44.45, and Charles Schwab Corp. (SCHW) fell 2.15% to $74.95. Trading volume (5.5 M) remained 1.4 million below its 50-day average volume of 6.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 7, 2023.
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March 07, 2023 17:12 ET (22:12 GMT)
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