DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ inched 0.43% higher to $87.10 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.11% to 5,283.40 and the Dow Jones Industrial Average falling 0.30% to 38,571.03.
This was the stock's third consecutive day of gains.
IPG Photonics Corp. closed $54.75 below its 52-week high ($141.85), which the company reached on July 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Teradyne Inc. $(TER)$ rose 0.06% to $141.02 and Lumentum Holdings Inc. (LITE) rose 1.63% to $44.21.
Trading volume (168,389) remained 46,879 below its 50-day average volume of 215,268.
Data source: Dow Jones Market Data, FactSet. Data compiled June 3, 2024.
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(END) Dow Jones Newswires
June 03, 2024 17:30 ET (21:30 GMT)
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