Morgan Stanley Stock Falls Thursday, Underperforms Market
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Shares of Morgan Stanley (MS) slid 3.86% to $92.20 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.85% to 3,918.32 and Dow Jones Industrial Average falling 1.66% to 32,254.86. This was the stock's third consecutive day of losses. Morgan Stanley closed $8.79 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 5.41% to $130.34, Wells Fargo & Co. (WFC) fell 6.18% to $41.13, and Charles Schwab Corp. (SCHW) fell 12.77% to $66.47.true Trading volume (9.1 M) eclipsed its 50-day average volume of 6.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 9, 2023.
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March 09, 2023 17:12 ET (22:12 GMT)
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