Morgan Stanley Stock Falls Wednesday, Underperforms Market
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Shares of Morgan Stanley (MS) slipped 5.09% to $85.39 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. Morgan Stanley closed $15.60 short of its 52-week high ($100.99), which the company reached on February 14th.
The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. (JPM) fell 4.72% to $128.26, Wells Fargo & Co. (WFC) fell 3.29% to $38.85, and Charles Schwab Corp. (SCHW) rose 5.06% to $59.55. Trading volume (14.6 M) eclipsed its 50-day average volume of 7.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 15, 2023.
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March 15, 2023 17:12 ET (21:12 GMT)
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