Morgan Stanley Stock Falls Friday, Underperforms Market
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Shares of Morgan Stanley (MS) shed 2.33% to $90.05 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's fourth consecutive day of losses. Morgan Stanley closed $10.94 below 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 Friday, as JPMorgan Chase & Co. (JPM) rose 2.54% to $133.65, Wells Fargo & Co. (WFC) rose 0.56% to $41.36, and Charles Schwab Corp. (SCHW) fell 11.69% to $58.70. Trading volume (16.2 M) eclipsed its 50-day average volume of 7.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.
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March 10, 2023 17:11 ET (22:11 GMT)
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