DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ rallied 1.92% to $86.73 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.80% to 5,277.51 and the Dow Jones Industrial Average rising 1.51% to 38,686.32.
This was the stock's second consecutive day of gains.
IPG Photonics Corp. closed $55.12 short of its 52-week high ($141.85), which the company reached on July 13th.
The stock outperformed some of its competitors Friday, as Teradyne Inc. $(TER)$ fell 0.23% to $140.94 and Lumentum Holdings Inc. (LITE) rose 0.32% to $43.50.
Trading volume (217,464) eclipsed its 50-day average volume of 215,619.
Data source: Dow Jones Market Data, FactSet. Data compiled May 31, 2024.
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(END) Dow Jones Newswires
May 31, 2024 17:30 ET (21:30 GMT)
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