DJ IPG Photonics Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of IPG Photonics Corp. $(IPGP)$ slid 1.18% to $73.93 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,918.25 and the Dow Jones Industrial Average rising 0.25% to 42,635.20.
This was the stock's second consecutive day of losses.
IPG Photonics Corp. closed $30.26 short of its 52-week high ($104.19), which the company achieved on February 12th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Teradyne Inc. $(TER)$ fell 1.20% to $137.15 and Lumentum Holdings Inc. (LITE) fell 1.62% to $85.19.
Trading volume (191,337) remained 95,559 below its 50-day average volume of 286,896.
Data source: Dow Jones Market Data, FactSet. Data compiled January 8, 2025.
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(END) Dow Jones Newswires
January 08, 2025 17:34 ET (22:34 GMT)
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