Principal Financial Group Inc. Stock Falls Wednesday, Still Outperforms Market
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Shares of Principal Financial Group Inc. (PFG) slumped 0.80% to $84.40 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.20% to 3,783.22 and Dow Jones Industrial Average falling 1.10% to 32,875.71. This was the stock's second consecutive day of losses. Principal Financial Group Inc. closed $11.77 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) fell 0.49% to $219.82. Trading volume (1.0 M) remained 768,850 below its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 28, 2022.
(END) Dow Jones Newswires
December 28, 2022 17:18 ET (22:18 GMT)
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