DJ IPG Photonics Corp. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of IPG Photonics Corp. $(IPGP)$ inched 0.10% higher to $76.41 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.07% to 43,325.80 and the S&P 500 Index falling 0.04% to 6,037.59.
This was the stock's third consecutive day of gains.
IPG Photonics Corp. closed $33.89 short of its 52-week high ($110.30), which the company reached on December 29th.
The stock underperformed when compared to some of its competitors Thursday, as Teradyne Inc. $(TER)$ rose 0.68% to $130.84 and Lumentum Holdings Inc. (LITE) rose 1.60% to $85.69.
Trading volume (399,916) eclipsed its 50-day average volume of 282,499.
Data source: Dow Jones Market Data, FactSet. Data compiled December 26, 2024.
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(END) Dow Jones Newswires
December 26, 2024 17:34 ET (22:34 GMT)
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