DJ IPG Photonics Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of IPG Photonics Corp. $(IPGP)$ slid 2.30% to $81.93 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.10% to 6,001.35 and the Dow Jones Industrial Average rising 0.69% to 44,293.13.
This was the stock's second consecutive day of losses.
IPG Photonics Corp. closed $29.18 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 1.88% to $108.81 and Lumentum Holdings Inc. (LITE) rose 3.42% to $86.72.
Trading volume (134,965) remained 144,967 below its 50-day average volume of 279,932.
Data source: Dow Jones Market Data, FactSet. Data compiled November 11, 2024.
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(END) Dow Jones Newswires
November 11, 2024 17:27 ET (22:27 GMT)
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