DJ IPG Photonics Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of IPG Photonics Corp. $(IPGP)$ slipped 0.36% to $89.17 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 5,187.67 and the Dow Jones Industrial Average rising 0.44% to 39,056.39.
The stock's fall snapped a four-day winning streak.
IPG Photonics Corp. closed $52.68 short of its 52-week high ($141.85), which the company achieved on July 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Teradyne Inc. $(TER)$ fell 0.55% to $120.43 and Lumentum Holdings Inc. (LITE) rose 2.87% to $42.59.
Trading volume (212,944) remained 43,233 below its 50-day average volume of 256,177.
Data source: Dow Jones Market Data, FactSet. Data compiled May 8, 2024.
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(END) Dow Jones Newswires
May 08, 2024 17:30 ET (21:30 GMT)
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