DJ IPG Photonics Corp. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of IPG Photonics Corp. $(IPGP)$ inched 0.13% higher to $90.69 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.11% to 5,254.35 and the Dow Jones Industrial Average rising 0.12% to 39,807.37.
This was the stock's second consecutive day of gains.
IPG Photonics Corp. closed $51.16 below its 52-week high ($141.85), which the company reached on July 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Teradyne Inc. $(TER)$ rose 1.16% to $112.83 and Lumentum Holdings Inc. (LITE) fell 2.27% to $47.35.
Trading volume (191,670) remained 150,011 below its 50-day average volume of 341,681.
Data source: Dow Jones Market Data, FactSet. Data compiled March 28, 2024.
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March 28, 2024 17:31 ET (21:31 GMT)
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