IPG Photonics Corp. Stock Underperforms Friday When Compared To Competitors

Dow Jones03-23

DJ IPG Photonics Corp. Stock Underperforms Friday When Compared To Competitors

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

Shares of IPG Photonics Corp. $(IPGP)$ slipped 1.12% to $90.00 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.14% to 5,234.18 and Dow Jones Industrial Average falling 0.77% to 39,475.90.

The stock's fall snapped a three-day winning streak.

IPG Photonics Corp. closed $51.85 short of its 52-week high ($141.85), which the company reached on July 13th.

The stock underperformed when compared to some of its competitors Friday, as Teradyne Inc. $(TER)$ fell 0.63% to $110.75 and Lumentum Holdings Inc. (LITE) rose 0.63% to $50.88.

Trading volume (177,774) remained 164,807 below its 50-day average volume of 342,581.

Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2024.

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March 22, 2024 17:31 ET (21:31 GMT)

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