JPMorgan Chase – Morgan Stanley stock rises Wednesday, outperforms market
Shares of Morgan Stanley
inched 0.12% higher to $74.33 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
rising 0.20% to 31,437.80 and the S&P 500 Index
falling 0.03% to 3,909.88. This was the stock’s fifth consecutive day of gains. Morgan Stanley closed $3.43 below its 52-week high ($77.76), which the company reached on January 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co.
rose 0.06% to $139.66, Bank of America Corp.
rose 0.09% to $32.98, and Citigroup Inc.
rose 0.79% to $63.62. Trading volume (7.2 M) remained 3.8 million below its 50-day average volume of 11.0 M.