Morgan Stanley Stock Falls Monday, Underperforms Market
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Shares of Morgan Stanley (MS) shed 2.29% to $87.99 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.15% to 3,855.76 and Dow Jones Industrial Average falling 0.28% to 31,819.14. This was the stock's fifth consecutive day of losses. Morgan Stanley closed $13.00 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 Monday, as JPMorgan Chase & Co. (JPM) fell 1.80% to $131.25, Wells Fargo & Co. (WFC) fell 7.13% to $38.41, and Charles Schwab Corp. (SCHW) fell 11.57% to $51.91. Trading volume (15.2 M) eclipsed its 50-day average volume of 7.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 13, 2023.
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March 13, 2023 17:12 ET (21:12 GMT)
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