DJ IPG Photonics Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of IPG Photonics Corp. $(IPGP)$ sank 0.31% to $87.96 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.11% to 5,211.49 and the Dow Jones Industrial Average falling 0.11% to 39,127.14.
This was the stock's third consecutive day of losses.
IPG Photonics Corp. closed $53.89 below its 52-week high ($141.85), which the company achieved on July 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Teradyne Inc. $(TER)$ fell 1.17% to $108.85 and Lumentum Holdings Inc. (LITE) rose 0.74% to $47.85.
Trading volume (583,328) eclipsed its 50-day average volume of 341,389.
Data source: Dow Jones Market Data, FactSet. Data compiled April 3, 2024.
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(END) Dow Jones Newswires
April 03, 2024 17:30 ET (21:30 GMT)
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