Morgan Stanley Stock Falls Wednesday, Underperforms Market
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Shares of Morgan Stanley (MS) dropped 0.17% to $95.90 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 3,992.01 and the Dow Jones Industrial Average falling 0.18% to 32,798.40. This was the stock's second consecutive day of losses. Morgan Stanley closed $5.09 short of its 52-week high ($100.99), which the company achieved on February 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. (JPM) fell 0.59% to $137.80, Wells Fargo & Co. (WFC) fell 1.37% to $43.84, and Charles Schwab Corp. (SCHW) rose 1.67% to $76.20. Trading volume (4.1 M) remained 2.8 million below its 50-day average volume of 6.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2023.
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March 08, 2023 17:11 ET (22:11 GMT)
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