DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ advanced 1.32% to $81.63 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.23% to 5,782.76 and the Dow Jones Industrial Average rising 1.02% to 42,221.88.
IPG Photonics Corp. closed $29.48 short of 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 Tuesday, as Teradyne Inc. $(TER)$ rose 1.13% to $105.45 and Lumentum Holdings Inc. (LITE) rose 3.13% to $66.18.
Trading volume (183,853) remained 97,353 below its 50-day average volume of 281,206.
Data source: Dow Jones Market Data, FactSet. Data compiled November 5, 2024.
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(END) Dow Jones Newswires
November 05, 2024 17:28 ET (22:28 GMT)
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