DJ IPG Photonics Corp. Stock Underperforms Wednesday When Compared To Competitors
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Shares of IPG Photonics Corp. $(IPGP)$ slipped 3.15% to $75.36 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.61% to 6,086.49 and the Dow Jones Industrial Average rising 0.69% to 45,014.04.
This was the stock's second consecutive day of losses.
IPG Photonics Corp. closed $35.75 below its 52-week high ($111.11), which the company achieved on December 26th.
The stock underperformed when compared to some of its competitors Wednesday, as Teradyne Inc. $(TER)$ rose 1.23% to $116.89 and Lumentum Holdings Inc. (LITE) rose 6.99% to $94.90.
Trading volume (179,274) remained 69,165 below its 50-day average volume of 248,439.
Data source: Dow Jones Market Data, FactSet. Data compiled December 4, 2024.
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(END) Dow Jones Newswires
December 04, 2024 17:27 ET (22:27 GMT)
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