DJ IPG Photonics Corp. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of IPG Photonics Corp. $(IPGP)$ rose 2.14% to $79.71 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.24% to 6,047.15 and the Dow Jones Industrial Average falling 0.29% to 44,782.00.
This was the stock's third consecutive day of gains.
IPG Photonics Corp. closed $31.40 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 2.91% to $113.20 and Lumentum Holdings Inc. (LITE) fell 0.69% to $86.37.
Trading volume (219,935) remained 42,299 below its 50-day average volume of 262,234.
Data source: Dow Jones Market Data, FactSet. Data compiled December 2, 2024.
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(END) Dow Jones Newswires
December 02, 2024 17:27 ET (22:27 GMT)
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