DJ IPG Photonics Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of IPG Photonics Corp. $(IPGP)$ slid 2.05% to $83.31 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.33% to 5,813.67 and Dow Jones Industrial Average falling 0.22% to 42,141.54.
The stock's fall snapped a five-day winning streak.
IPG Photonics Corp. closed $27.80 below its 52-week high ($111.11), which the company achieved on December 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Teradyne Inc. $(TER)$ fell 3.32% to $109.48 and Lumentum Holdings Inc. (LITE) fell 0.62% to $65.35.
Trading volume (336,249) eclipsed its 50-day average volume of 273,533.
Data source: Dow Jones Market Data, FactSet. Data compiled October 30, 2024.
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(END) Dow Jones Newswires
October 30, 2024 17:27 ET (21:27 GMT)
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