JPMorgan Chase – Morgan Stanley stock falls Thursday, underperforms market
Shares of Morgan Stanley
slumped 0.82% to $73.72 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index
rising 0.17% to 3,916.38 and the Dow Jones Industrial Average
falling 0.02% to 31,430.70. The stock’s fall snapped a five-day winning streak. Morgan Stanley closed $4.04 below its 52-week high ($77.76), which the company achieved on January 20th.
The stock underperformed when compared to some of its competitors Thursday, as JPMorgan Chase & Co.
fell 0.28% to $139.27, Bank of America Corp.
fell 0.30% to $32.88, and Citigroup Inc.
fell 0.66% to $63.20. Trading volume (7.0 M) remained 4.1 million below its 50-day average volume of 11.1 M.