Morgan Stanley Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
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Shares of Morgan Stanley (MS) rose 2.25% to $89.97 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.68% to 3,920.56 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. The stock's rise snapped a five-day losing streak. Morgan Stanley closed $11.02 below its 52-week high ($100.99), which the company achieved on February 14th.
The stock underperformed when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) rose 2.57% to $134.62, Wells Fargo & Co. (WFC) rose 4.58% to $40.17, and Charles Schwab Corp. (SCHW) rose 9.19% to $56.68. Trading volume (11.1 M) eclipsed its 50-day average volume of 7.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:37 ET (00:37 GMT)
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