DJ IPG Photonics Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of IPG Photonics Corp. $(IPGP)$ shed 1.74% to $75.06 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.60% to 5,949.17 and Dow Jones Industrial Average falling 0.47% to 43,750.86.
This was the stock's fifth consecutive day of losses.
IPG Photonics Corp. closed $36.05 below its 52-week high ($111.11), which the company achieved on December 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Teradyne Inc. $(TER)$ rose 0.13% to $106.52 and Lumentum Holdings Inc. (LITE) fell 3.33% to $85.13.
Trading volume (504,748) eclipsed its 50-day average volume of 271,147.
Data source: Dow Jones Market Data, FactSet. Data compiled November 14, 2024.
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(END) Dow Jones Newswires
November 14, 2024 17:27 ET (22:27 GMT)
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