IPG Photonics Corp. Stock Rises 4.1%, Outperforms Peers

Dow Jones08-28 04:35

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

Shares of IPG Photonics Corp. rose 4.1% to $77.25 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,730.99 and the Dow Jones Industrial Average rising 0.2% to 53,569.44.

This was the stock's third consecutive day of gains.

IPG Photonics Corp. closed 50.4% below its 52-week high of $155.82, which the company reached on February 13th.

The stock outperformed some of its peers, as Teradyne Inc. rose 2.5% to $372.06, Lumentum Holdings Inc. rose 1.8% to $956.14, and nLIGHT Inc. rose 2.95% to $44.99.

Trading volume totaled 554,423, compared to the 50-day average of 466,955.

Data source: Dow Jones Market Data, FactSet

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