DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ rose 1.08% to $70.93 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.72% to 6,037.88 and the Dow Jones Industrial Average rising 0.30% to 44,556.04.
The stock's rise snapped a two-day losing streak.
IPG Photonics Corp. closed 31.92% below its 52-week high of $104.19, which the company achieved on February 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Teradyne Inc. $(TER)$ rose 0.52% to $111.67, Lumentum Holdings Inc. (LITE) rose 2.40% to $86.33, and nLIGHT Inc. (LASR) rose 0.18% to $10.99.
Trading volume (134,812) remained 111,690 below its 50-day average volume of 246,502.
Data source: Dow Jones Market Data, FactSet. Data compiled February 4, 2025.
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(END) Dow Jones Newswires
February 04, 2025 17:28 ET (22:28 GMT)
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