DJ IPG Photonics Corp. Stock Underperforms Friday When Compared To Competitors
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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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(END) Dow Jones Newswires
March 22, 2024 17:31 ET (21:31 GMT)
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