Morgan Stanley Stock Approaches Year High Amid SpaceX IPO Talk
Morgan Stanley shares ended higher on Friday as renewed interest in Wall Street banks and the SpaceX IPO pushed up the sector. The stock finished at $214.04, a 0.65% gain. It moved to $214.40 in after-hours trading, according to Google Finance. Morgan Stanley’s price sits close to its 52-week high of $219.16. The firm’s market cap is roughly $337.6 billion. The P/E ratio stands at 19.39, a common valuation measure comparing share price to earnings per share.