JPMorgan Chase – Morgan Stanley stock falls Wednesday, underperforms market
Shares of Morgan Stanley
slid 0.06% to $79.04 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.15% to 4,079.95 and the Dow Jones Industrial Average
rising 0.05% to 33,446.26. Morgan Stanley closed $7.60 below its 52-week high ($86.64), which the company reached on March 18th.
The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase & Co.
rose 1.57% to $154.93, Bank of America Corp.
rose 0.91% to $40.05, and Citigroup Inc.
rose 0.12% to $72.69. Trading volume (8.3 M) remained 2.8 million below its 50-day average volume of 11.1 M.