Investment bank Morgan Stanley (MS) has been steadily sliding down the rankings in the SIA S&P 100 Report since February. MS dropped out of the green zone in March, and spent the summer hanging around the red/yellow zone boundary.
In recent weeks, the shares have dropped deeper into the Red Unfavored Zone. In the last month, MS has lost 15.6% and fallen 15 spots in the rankings to 70th position. Yesterday alone, Morgan Stanley lost 6.8% as investors were disappointed by the company’s latest earnings report.