DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ rose 6.05% to $81.31 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.61% to 6,052.85 and Dow Jones Industrial Average falling 0.54% to 44,401.93.
This was the stock's second consecutive day of gains.
IPG Photonics Corp. closed $29.80 short of its 52-week high ($111.11), which the company achieved on December 26th.
The stock outperformed some of its competitors Monday, as Teradyne Inc. $(TER)$ rose 0.89% to $119.56 and Lumentum Holdings Inc. (LITE) fell 3.27% to $89.80.
Trading volume (306,515) eclipsed its 50-day average volume of 247,476.
Data source: Dow Jones Market Data, FactSet. Data compiled December 9, 2024.
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(END) Dow Jones Newswires
December 09, 2024 17:27 ET (22:27 GMT)
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