Principal Financial Group Inc. Stock Falls Wednesday, Still Outperforms Market

Olympic Steel Inc

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Materials : Metals & Mining | Small Cap Growth

Company profile

Olympic Steel, Inc. is a metals service center company. The Company provides metals processing and distribution services to a range of customers. It operates through three segments: specialty metals flat products, carbon flat products, and tubular and pipe products. Specialty metals flat products segment is engaged in the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, prime tin mill products and fabricated parts. Carbon flat products segment is engaged in the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. Tubular and pipe products segment distribute metal tubing, pipe, bar, valve and fittings and fabricates pressure parts supplied to various industrial markets. The tubular and pipe products segment consist of the Chicago Tube and Iron, or CTI, business. CTI operates in the Midwestern and south-eastern United States.

Principal Financial Group Inc. Stock Falls Wednesday, Still Outperforms Market

5:18 pm ET December 28, 2022 (MarketWatch) Print

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

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)