DJ IPG Photonics Corp. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of IPG Photonics Corp. $(IPGP)$ inched 0.59% higher to $74.45 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.04% to 42,342.24 and the S&P 500 Index falling 0.09% to 5,867.08.
The stock's rise snapped a two-day losing streak.
IPG Photonics Corp. closed $36.66 short of its 52-week high ($111.11), which the company achieved on December 26th.
The stock underperformed when compared to some of its competitors Thursday, as Teradyne Inc. $(TER)$ rose 1.15% to $125.19 and Lumentum Holdings Inc. (LITE) rose 0.80% to $83.56.
Trading volume (322,093) eclipsed its 50-day average volume of 251,628.
Data source: Dow Jones Market Data, FactSet. Data compiled December 19, 2024.
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December 19, 2024 17:34 ET (22:34 GMT)
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