Morgan Stanley Stock Outperforms Competitors Despite Losses On The Day
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Shares of Morgan Stanley (MS) slipped 3.25% to $84.18 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. Morgan Stanley closed $16.81 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) fell 3.78% to $125.81, Wells Fargo & Co. (WFC) fell 3.92% to $37.76, and Charles Schwab Corp. (SCHW) fell 2.54% to $56.41. Trading volume (19.9 M) eclipsed its 50-day average volume of 8.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 17:11 ET (21:11 GMT)
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