JPMorgan Chase – Morgan Stanley stock outperforms competitors despite losses on the day
Shares of Morgan Stanley
shed 1.99% to $76.87 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
falling 0.48% to 3,811.15 and Dow Jones Industrial Average
falling 1.50% to 30,932.37. This was the stock’s second consecutive day of losses. Morgan Stanley closed $4.53 short of its 52-week high ($81.39), which the company achieved on February 25th.
Despite its losses, the stock outperformed some of its competitors Friday, as JPMorgan Chase & Co.
fell 2.65% to $147.17, Bank of America Corp.
fell 3.40% to $34.71, and Citigroup Inc.
fell 2.27% to $65.88.true Trading volume (30.4 M) eclipsed its 50-day average volume of 10.6 M.