DJ Morgan Stanley Stock Underperforms Wednesday When Compared To Competitors
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Shares of Morgan Stanley $(MS)$ slipped 5.25% to $121.04 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.
This was the stock's second consecutive day of losses.
Morgan Stanley closed $15.20 below its 52-week high ($136.24), which the company reached on November 25th.
The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. $(JPM)$ fell 3.35% to $230.37, Wells Fargo & Co. $(WFC)$ fell 2.90% to $68.76, and Charles Schwab Corp. $(SCHW)$ fell 3.63% to $73.97.
Trading volume (7.6 M) eclipsed its 50-day average volume of 6.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 16:36 ET (21:36 GMT)
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