Morgan Stanley Stock Outperforms Market On Strong Trading Day
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Shares of Morgan Stanley (MS) rallied 3.64% to $88.76 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,002.87 and the Dow Jones Industrial Average rising 0.98% to 32,560.60. This was the stock's second consecutive day of gains. Morgan Stanley closed $12.23 below 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 Tuesday, as JPMorgan Chase & Co. (JPM) rose 2.68% to $130.55, Wells Fargo & Co. (WFC) rose 2.67% to $38.48, and Charles Schwab Corp. (SCHW) rose 5.99% to $59.47. Trading volume (8.4 M) eclipsed its 50-day average volume of 8.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 21, 2023.
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March 21, 2023 17:11 ET (21:11 GMT)
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