DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ rose 1.30% to $87.39 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.04% to 5,202.39 and Dow Jones Industrial Average falling 0.03% to 38,892.80.
The stock's rise snapped a five-day losing streak.
IPG Photonics Corp. closed $54.46 below its 52-week high ($141.85), which the company achieved on July 13th.
The stock outperformed some of its competitors Monday, as Teradyne Inc. $(TER)$ rose 0.51% to $107.82 and Lumentum Holdings Inc. (LITE) fell 0.02% to $45.89.
Trading volume (142,261) remained 198,520 below its 50-day average volume of 340,781.
Data source: Dow Jones Market Data, FactSet. Data compiled April 8, 2024.
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(END) Dow Jones Newswires
April 08, 2024 17:30 ET (21:30 GMT)
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