JPMorgan Chase – Morgan Stanley stock rises Friday, still underperforms market
Shares of Morgan Stanley
inched 0.65% higher to $80.72 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.77% to 4,128.80 and the Dow Jones Industrial Average
rising 0.89% to 33,800.60. This was the stock’s second consecutive day of gains. Morgan Stanley closed $5.92 below its 52-week high ($86.64), which the company achieved on March 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as JPMorgan Chase & Co.
rose 0.75% to $156.28, Bank of America Corp.
rose 0.73% to $39.99, and Citigroup Inc.
rose 0.12% to $72.42. Trading volume (10.7 M) remained 221,342 below its 50-day average volume of 10.9 M.