DJ IPG Photonics Corp. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of IPG Photonics Corp. $(IPGP)$ rallied 1.97% to $76.67 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.25% to 6,090.27 and the Dow Jones Industrial Average falling 0.28% to 44,642.52.
The stock's rise snapped a three-day losing streak.
IPG Photonics Corp. closed $34.44 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 Friday, as Teradyne Inc. $(TER)$ rose 4.21% to $118.51 and Lumentum Holdings Inc. (LITE) rose 0.22% to $92.84.
Trading volume (176,622) remained 72,385 below its 50-day average volume of 249,007.
Data source: Dow Jones Market Data, FactSet. Data compiled December 6, 2024.
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(END) Dow Jones Newswires
December 06, 2024 17:27 ET (22:27 GMT)
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