DJ IPG Photonics Corp. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of IPG Photonics Corp. $(IPGP)$ rallied 1.45% to $78.92 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.30% to 5,987.37 and the Dow Jones Industrial Average rising 0.99% to 44,736.57.
This was the stock's fourth consecutive day of gains.
IPG Photonics Corp. closed $32.19 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 Monday, as Teradyne Inc. $(TER)$ rose 2.39% to $110.67 and Lumentum Holdings Inc. (LITE) fell 2.12% to $87.20.
Trading volume (405,433) eclipsed its 50-day average volume of 264,893.
Data source: Dow Jones Market Data, FactSet. Data compiled November 25, 2024.
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(END) Dow Jones Newswires
November 25, 2024 17:27 ET (22:27 GMT)
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