Morgan Stanley Stock Outperforms Market On Strong Trading Day
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Shares of Morgan Stanley (MS) rallied 1.90% to $87.01 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. Morgan Stanley closed $13.98 short of 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 Thursday, as JPMorgan Chase & Co. (JPM) rose 1.94% to $130.75, Wells Fargo & Co. (WFC) rose 1.16% to $39.30, and Charles Schwab Corp. (SCHW) fell 2.80% to $57.88. Trading volume (15.3 M) eclipsed its 50-day average volume of 7.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 17:11 ET (21:11 GMT)
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