JPMorgan Chase – Morgan Stanley stock underperforms Friday when compared to competitors
Shares of Morgan Stanley
slid 2.76% to $78.59 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 0.36% to 4,185.47 and the Dow Jones Industrial Average
rising 0.48% to 34,200.67. The stock’s fall snapped a two-day winning streak. Morgan Stanley closed $8.05 below its 52-week high ($86.64), which the company reached on March 18th.
The stock underperformed when compared to some of its competitors Friday, as JPMorgan Chase & Co.
rose 0.74% to $153.30, Bank of America Corp.
rose 1.06% to $39.15, and Citigroup Inc.
fell 0.12% to $72.45. Trading volume (29.0 M) eclipsed its 50-day average volume of 10.5 M.