IPG Photonics Corp. Stock Rises Thursday, Still Underperforms Market

Dow Jones11-08

DJ IPG Photonics Corp. Stock Rises Thursday, Still Underperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of IPG Photonics Corp. $(IPGP)$ inched 0.18% higher to $85.75 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.74% to 5,973.10 and the Dow Jones Industrial Average remaining mostly unchanged at 43,729.34.

This was the stock's third consecutive day of gains.

IPG Photonics Corp. closed $25.36 short of its 52-week high ($111.11), which the company reached on December 26th.

The stock underperformed when compared to some of its competitors Thursday, as Teradyne Inc. $(TER)$ rose 2.42% to $111.64 and Lumentum Holdings Inc. (LITE) rose 2.32% to $73.64.

Trading volume (175,982) remained 105,763 below its 50-day average volume of 281,745.

Data source: Dow Jones Market Data, FactSet. Data compiled November 7, 2024.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

November 07, 2024 17:27 ET (22:27 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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