DJ IPG Photonics Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of IPG Photonics Corp. $(IPGP)$ slid 1.59% to $72.25 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.07% to 5,906.94 and Dow Jones Industrial Average falling 0.97% to 42,573.73.
This was the stock's second consecutive day of losses.
IPG Photonics Corp. closed $35.84 below its 52-week high ($108.09), which the company reached on January 2nd.
The stock underperformed when compared to some of its competitors Monday, as Teradyne Inc. $(TER)$ fell 1.43% to $126.70 and Lumentum Holdings Inc. (LITE) fell 0.62% to $83.84.
Trading volume (213,363) remained 67,583 below its 50-day average volume of 280,946.
Data source: Dow Jones Market Data, FactSet. Data compiled December 30, 2024.
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(END) Dow Jones Newswires
December 30, 2024 17:34 ET (22:34 GMT)
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