DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ rose 3.14% to $88.05 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.02% to 5,071.63 and the Dow Jones Industrial Average falling 0.11% to 38,460.92.
This was the stock's third consecutive day of gains.
IPG Photonics Corp. closed $53.80 short of its 52-week high ($141.85), which the company reached on July 13th.
The stock outperformed some of its competitors Wednesday, as Teradyne Inc. $(TER)$ rose 0.85% to $100.70 and Lumentum Holdings Inc. (LITE) rose 0.12% to $42.06.
Trading volume (250,412) remained 32,601 below its 50-day average volume of 283,013.
Data source: Dow Jones Market Data, FactSet. Data compiled April 24, 2024.
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(END) Dow Jones Newswires
April 24, 2024 17:30 ET (21:30 GMT)
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