DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ rallied 3.77% to $86.70 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.91% to 5,064.20 and the Dow Jones Industrial Average rising 0.85% to 38,225.66.
The stock's rise snapped a two-day losing streak.
IPG Photonics Corp. closed $55.15 below its 52-week high ($141.85), which the company reached on July 13th.
The stock outperformed some of its competitors Thursday, as Teradyne Inc. $(TER)$ rose 3.21% to $117.39 and Lumentum Holdings Inc. (LITE) rose 1.77% to $44.29.
Trading volume (335,449) eclipsed its 50-day average volume of 255,364.
Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2024.
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(END) Dow Jones Newswires
May 02, 2024 17:31 ET (21:31 GMT)
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