DJ IPG Photonics Corp. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
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Shares of IPG Photonics Corp. $(IPGP)$ inched 0.53% higher to $89.76 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.48% to 5,246.68 and the Dow Jones Industrial Average rising 0.32% to 39,558.11.
This was the stock's second consecutive day of gains.
IPG Photonics Corp. closed $52.09 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. $(TER)$ rose 1.81% to $127.11 and Lumentum Holdings Inc. (LITE) rose 1.39% to $44.61.
Trading volume (172,375) remained 73,775 below its 50-day average volume of 246,150.
Data source: Dow Jones Market Data, FactSet. Data compiled May 14, 2024.
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May 14, 2024 17:31 ET (21:31 GMT)
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