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 1.35% to $74.84 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.73% to 5,974.07 and the Dow Jones Industrial Average rising 0.16% to 42,906.95.
IPG Photonics Corp. closed $36.27 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 2.00% to $128.47 and Lumentum Holdings Inc. (LITE) fell 2.19% to $83.22.
Trading volume (260,286) remained 21,780 below its 50-day average volume of 282,066.
Data source: Dow Jones Market Data, FactSet. Data compiled December 23, 2024.
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(END) Dow Jones Newswires
December 23, 2024 17:34 ET (22:34 GMT)
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