DJ IPG Photonics Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of IPG Photonics Corp. $(IPGP)$ sank 0.63% to $72.99 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.39% to 5,893.62 and the Dow Jones Industrial Average falling 0.13% to 43,389.60.
This was the stock's seventh consecutive day of losses.
IPG Photonics Corp. closed $38.12 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 Monday, as Teradyne Inc. $(TER)$ rose 1.53% to $104.15 and Lumentum Holdings Inc. (LITE) fell 1.12% to $80.54.
Trading volume (163,867) remained 114,186 below its 50-day average volume of 278,053.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2024.
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(END) Dow Jones Newswires
November 18, 2024 17:27 ET (22:27 GMT)
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