DJ IPG Photonics Corp. Stock Underperforms Tuesday When Compared To Competitors
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Shares of IPG Photonics Corp. $(IPGP)$ slipped 5.19% to $83.98 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.57% to 5,035.69 and Dow Jones Industrial Average falling 1.49% to 37,815.92.
The stock's fall snapped a six-day winning streak.
IPG Photonics Corp. closed $57.87 short of its 52-week high ($141.85), which the company achieved on July 13th.
The stock underperformed when compared to some of its competitors Tuesday, as Teradyne Inc. $(TER)$ fell 1.67% to $116.32 and Lumentum Holdings Inc. (LITE) rose 0.55% to $43.76.
Trading volume (593,943) eclipsed its 50-day average volume of 249,810.
Data source: Dow Jones Market Data, FactSet. Data compiled April 30, 2024.
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(END) Dow Jones Newswires
April 30, 2024 17:31 ET (21:31 GMT)
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