Stock outperforms market on strong trading day
Shares of Morgan Stanley MS, +0.40% inched 0.40% higher to $92.05 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.19% rising 0.19% to 4,247.44 and the Dow Jones Industrial Average DJIA, +0.04% rising 0.04% to 34,479.60. The stock’s rise snapped a four-day losing streak. Morgan Stanley closed $2.22 below its 52-week high ($94.27), which the company achieved on June 7th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as JPMorgan Chase & Co. JPM, -0.07% fell 0.07% to $160.29, Bank of America Corp. BAC, +0.41% rose 0.41% to $41.86, and Citigroup Inc. C, -0.53% fell 0.53% to $76.48. Trading volume (6.3 M) remained 3.4 million below its 50-day average volume of 9.7 M.
Published: June 11, 2021 at 5:09 p.m. ET