NEW YORK – Shares of financial giant Morgan Stanley (NYSE: MS) closed higher in a volatile trading session, demonstrating resilience as the stock continues its advance toward its 52-week peak. The performance signals sustained investor confidence in the major investment bank.
Morgan Stanley’s stock ended the day at
0.51, or 0.36%. The positive sentiment appeared set to carry over, with pre-market trading showing a similar gain of 0.36% to $143.53.
The day’s trading was a showcase of investor resolve. After opening at $142.92, the stock saw a dip to a session low of $142.05. However, buyers quickly regained control, driving the price up to a high of $143.38 before settling near the top of its daily range. This upward movement pushed it comfortably above the previous day’s close of $142.50.
This latest advance places Morgan Stanley within striking distance of its 52-week high of $145.16, a critical resistance level that traders are watching. The stock’s current price reflects a substantial recovery from its 52-week low of $90.94. The company also offers an attractive dividend yield of 2.80%, supported by a quarterly dividend of $1.00 per share, appealing to income-focused investors.
With pre-market data suggesting a positive start, market participants will be closely monitoring whether Morgan Stanley can breach its recent highs and continue its upward trend in the upcoming sessions.
