Morgan Stanley Stock Outperforms Market Despite Losses On The Day
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Shares of Morgan Stanley (MS) slid 1.36% to $87.55 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. Morgan Stanley closed $13.44 short of its 52-week high ($100.99), which the company reached on February 14th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as JPMorgan Chase & Co. (JPM) fell 2.58% to $127.18, Wells Fargo & Co. (WFC) fell 3.33% to $37.20, and Charles Schwab Corp. (SCHW) fell 5.40% to $56.26.true Trading volume (7.3 M) remained 1.0 million below its 50-day average volume of 8.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 17:11 ET (21:11 GMT)
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