Principal Financial Group Inc. Stock Falls Thursday, Underperforms Market
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Shares of Principal Financial Group Inc. (PFG) sank 1.00% to $88.36 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.34% to 3,983.17 and the Dow Jones Industrial Average rising 0.64% to 34,189.97. The stock's fall snapped a two-day winning streak. Principal Financial Group Inc. closed $7.81 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 Thursday, as Chubb Ltd. (CB) rose 0.44% to $225.60. Trading volume (1.2 M) remained 332,337 below its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 12, 2023.
(END) Dow Jones Newswires
January 12, 2023 17:17 ET (22:17 GMT)
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