DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ rallied 1.64% to $82.29 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.41% to 5,728.80 and the Dow Jones Industrial Average rising 0.69% to 42,052.19.
The stock's rise snapped a two-day losing streak.
IPG Photonics Corp. closed $28.82 below its 52-week high ($111.11), which the company reached on December 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Teradyne Inc. $(TER)$ rose 0.26% to $106.49 and Lumentum Holdings Inc. (LITE) rose 2.32% to $65.35.
Trading volume (350,595) eclipsed its 50-day average volume of 277,301.
Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2024.
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(END) Dow Jones Newswires
November 01, 2024 17:27 ET (21:27 GMT)
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