Principal Financial Group Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Principal Financial Group Inc. (PFG) rose 1.61% to $86.22 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.49% to 3,878.44 and the Dow Jones Industrial Average rising 1.60% to 33,376.48. This was the stock's second consecutive day of gains. Principal Financial Group Inc. closed $9.95 short of its 52-week high ($96.17), which the company reached on November 11th.
The stock underperformed when compared to some of its competitors Wednesday, as Chubb Ltd. (CB) rose 1.89% to $218.76. Trading volume (1.0 M) remained 826,279 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 21, 2022.
(END) Dow Jones Newswires
December 21, 2022 17:18 ET (22:18 GMT)
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