DJ IPG Photonics Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of IPG Photonics Corp. $(IPGP)$ slipped 0.07% to $72.67 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.22% to 5,868.55 and Dow Jones Industrial Average falling 0.36% to 42,392.27.
IPG Photonics Corp. closed $31.52 short of its 52-week high ($104.19), which the company reached on February 12th.
The stock underperformed when compared to some of its competitors Thursday, as Teradyne Inc. $(TER)$ rose 0.51% to $126.56 and Lumentum Holdings Inc. (LITE) rose 1.97% to $85.60.
Trading volume (151,653) remained 128,388 below its 50-day average volume of 280,041.
Data source: Dow Jones Market Data, FactSet. Data compiled January 2, 2025.
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(END) Dow Jones Newswires
January 02, 2025 17:34 ET (22:34 GMT)
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