DJ IPG Photonics Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of IPG Photonics Corp. $(IPGP)$ slipped 1.10% to $74.76 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.18% to 5,853.98 and Dow Jones Industrial Average falling 0.80% to 42,931.60.
The stock's fall snapped a two-day winning streak.
IPG Photonics Corp. closed $36.35 short of its 52-week high ($111.11), which the company reached on December 26th.
The stock underperformed when compared to some of its competitors Monday, as Teradyne Inc. $(TER)$ fell 0.09% to $125.93 and Lumentum Holdings Inc. (LITE) fell 1.01% to $65.56.
Trading volume (187,992) remained 65,668 below its 50-day average volume of 253,660.
Data source: Dow Jones Market Data, FactSet. Data compiled October 21, 2024.
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(END) Dow Jones Newswires
October 21, 2024 17:27 ET (21:27 GMT)
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