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 4.47% to $76.01 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.55% to 5,975.38 and the Dow Jones Industrial Average falling 0.06% to 42,706.56.
This was the stock's second consecutive day of gains.
IPG Photonics Corp. closed $28.18 short of its 52-week high ($104.19), which the company achieved on February 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Teradyne Inc. $(TER)$ rose 7.20% to $140.00 and Lumentum Holdings Inc. (LITE) rose 1.22% to $90.44.
Trading volume (564,616) eclipsed its 50-day average volume of 282,108.
Data source: Dow Jones Market Data, FactSet. Data compiled January 6, 2025.
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January 06, 2025 17:34 ET (22:34 GMT)
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