Did Morgan Stanley Support Facebook's Stock to Make CEO Gorman Look Good?

Last Thursday, May 31, Morgan Stanley's

CEO James Gorman

Facebook's

IPO in a CNBC interview. In this interview, he implied that Morgan Stanley

Facebook's stock price. Today, CNBC covered a story regarding market chatter that Morgan Stanley might have supported Facebook's stock price in the hours preceding last week's interview. In the last two hours of trading on May 31, Facebook's stock price went from a near intra-day low to an intra-day high on very high volume. Investors might speculate that Morgan Stanley supported Facebook's stock price to make Gorman look good in his interview after market close. Morgan Stanley stated that it did not support Facebook's stock price during the interview, but the statement's vague wording left some questions unanswered. Shares of Facebook closed around 3% lower today and shares of Morgan Stanley closed around 2.9% lower today. Disclosure: I do not own shares of Morgan Stanley of Facebook.