JPMorgan Chase – Morgan Stanley stock falls Monday, underperforms market
Shares of Morgan Stanley
slid 1.40% to $86.47 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 1.04% to 4,188.43 and Dow Jones Industrial Average
falling 0.10% to 34,742.82. The stock’s fall snapped a four-day winning streak. Morgan Stanley closed $1.57 short of its 52-week high ($88.04), which the company achieved on May 7th.
The stock underperformed when compared to some of its competitors Monday, as JPMorgan Chase & Co.
fell 0.01% to $161.22, Bank of America Corp.
fell 0.31% to $42.05, and Citigroup Inc.
rose 0.07% to $75.13. Trading volume (9.3 M) remained 1.5 million below its 50-day average volume of 10.8 M.