JPMorgan Chase – Morgan Stanley stock underperforms Thursday when compared to competitors
Shares of Morgan Stanley
shed 1.82% to $78.43 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
falling 2.45% to 3,829.34 and Dow Jones Industrial Average
falling 1.75% to 31,402.01. The stock’s fall snapped a four-day winning streak. Morgan Stanley closed $1.67 short of its 52-week high ($80.10), which the company reached on February 24th.
The stock underperformed when compared to some of its competitors Thursday, as JPMorgan Chase & Co.
fell 1.36% to $151.18, Bank of America Corp.
fell 1.24% to $35.93, and Citigroup Inc.
fell 1.73% to $67.41. Trading volume (11.7 M) eclipsed its 50-day average volume of 10.6 M.