Principal Financial Group Inc. Stock Underperforms Friday When Compared To Competitors

Verizon Communications Inc

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Company profile

Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group. Its Consumer segment provides wireless and wireline communications services. Its wireless services are provided across wireless networks in the United States (U.S.) under the Verizon brand. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its fiber-optic network under the Fios brand and over a traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products.

Principal Financial Group Inc. Stock Underperforms Friday When Compared To Competitors

5:18 pm ET December 16, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Principal Financial Group Inc. (PFG) shed 1.37% to $84.92 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.11% to 3,852.36 and Dow Jones Industrial Average falling 0.85% to 32,920.46. This was the stock's fourth consecutive day of losses. Principal Financial Group Inc. closed $11.25 short of its 52-week high ($96.17), which the company achieved on November 11th.

The stock underperformed when compared to some of its competitors Friday, as Chubb Ltd. (CB) fell 0.51% to $211.68. Trading volume (5.6 M) eclipsed its 50-day average volume of 1.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 16, 2022.

(END) Dow Jones Newswires

December 16, 2022 17:18 ET (22:18 GMT)

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Principal Financial Group Inc. Stock Underperforms Friday When Compared To Competitors