DJ IPG Photonics Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of IPG Photonics Corp. $(IPGP)$ shed 1.74% to $88.60 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.21% to 5,297.10 and Dow Jones Industrial Average falling 0.10% to 39,869.38.
The stock's fall snapped a three-day winning streak.
IPG Photonics Corp. closed $53.25 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 Thursday, as Teradyne Inc. $(TER)$ fell 0.35% to $131.49 and Lumentum Holdings Inc. (LITE) rose 2.36% to $46.80.
Trading volume (192,830) remained 50,392 below its 50-day average volume of 243,222.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2024.
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(END) Dow Jones Newswires
May 16, 2024 17:31 ET (21:31 GMT)
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