DJ IPG Photonics Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of IPG Photonics Corp. $(IPGP)$ shed 3.27% to $87.67 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.95% to 5,160.64 and Dow Jones Industrial Average falling 1.09% to 38,461.51.
The stock's fall snapped a two-day winning streak.
IPG Photonics Corp. closed $54.18 short of its 52-week high ($141.85), which the company achieved on July 13th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Teradyne Inc. $(TER)$ fell 4.31% to $106.40 and Lumentum Holdings Inc. (LITE) fell 4.04% to $45.34.
Trading volume (177,399) remained 110,836 below its 50-day average volume of 288,235.
Data source: Dow Jones Market Data, FactSet. Data compiled April 10, 2024.
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(END) Dow Jones Newswires
April 10, 2024 17:30 ET (21:30 GMT)
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