JPMorgan Chase – Morgan Stanley stock rises Wednesday, outperforms market
Shares of Morgan Stanley
advanced 2.54% to $79.25 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.93% to 4,173.42 and the Dow Jones Industrial Average
rising 0.93% to 34,137.31. Morgan Stanley closed $7.39 short of its 52-week high ($86.64), which the company achieved on March 18th.
The stock outperformed some of its competitors Wednesday, as JPMorgan Chase & Co.
rose 0.85% to $150.54, Bank of America Corp.
rose 1.68% to $38.72, and Citigroup Inc.
rose 1.23% to $70.65. Trading volume (11.1 M) remained 34,817 below its 50-day average volume of 11.1 M.