In a day marked by the S&P 500 and Dow Jones indices falling by 1.18% and 0.76% respectively, Morgan Stanley's stock price bucked the trend and climbed by 0.94% to $72.07 on Thursday, ending a three-day losing streak. Despite this uptick, the banking giant's stock is still $28.92 shy of its 52-week high of $100.99 attained in February.
The performance of Morgan Stanley's shares was somewhat mixed when compared to competitors such as JPMorgan, Wells Fargo, and Charles Schwab (NYSE:SCHW), which saw their stocks rise by 0.26%, 1.59%, and 4.17% respectively on the same day.
Additionally, trading volume for Morgan Stanley shares experienced a significant surge, reaching 10.9 million shares traded on Thursday. This volume far exceeded its average trading volume of 7.9 million shares over the past 50 days, indicating increased investor interest in the company's stock despite broader market trends.
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