IPG Photonics Corp. Stock Slides 3.4%, Underperforms Market

Dow Jones08-25

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of IPG Photonics Corp. slid 3.4% to $70.74 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.3% to 53,417.16 and the S&P 500 Index falling 0.3% to 7,652.86.

This was the stock's fifth consecutive day of losses.

IPG Photonics Corp. closed 54.6% below its 52-week high of $155.82, which the company reached on February 13th.

The stock demonstrated a mixed performance when compared to some of its peers, as Teradyne Inc. fell 2.9% to $364.90, Lumentum Holdings Inc. fell 4.2% to $830.17, and nLIGHT Inc. fell 6.92% to $44.11.

Trading volume totaled 753,724, compared to the 50-day average of 433,992.

Data source: Dow Jones Market Data, FactSet

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