DJ Ameriprise Financial Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Ameriprise Financial Inc. $(AMP)$ advanced 1.37% to $357.58 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.41% to 4,604.37 and the Dow Jones Industrial Average rising 0.36% to 36,247.87.
This was the stock's second consecutive day of gains.
Ameriprise Financial Inc. closed $0.56 below its 52-week high ($358.14), which the company reached on December 1st.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Morgan Stanley $(MS)$ rose 2.40% to $82.28, Bank of New York Mellon Corp. $(BK)$ rose 1.30% to $49.06, and First Republic Bank $(FRCB)$ fell 16.30% to $0.01.
Trading volume (418,058) remained 82,348 below its 50-day average volume of 500,406.
Data source: Dow Jones Market Data, FactSet. Data compiled December 8, 2023.
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(END) Dow Jones Newswires
December 08, 2023 16:58 ET (21:58 GMT)
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