DJ IPG Photonics Corp. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of IPG Photonics Corp. $(IPGP)$ rose 1.72% to $63.32 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.64% to 5,675.12 and the Dow Jones Industrial Average rising 0.85% to 41,841.63.
This was the stock's second consecutive day of gains.
IPG Photonics Corp. closed 31.33% short of its 52-week high of $92.21, which the company reached on July 17th.
The stock underperformed when compared to some of its competitors Monday, as Teradyne Inc. $(TER)$ rose 3.95% to $90.17, Lumentum Holdings Inc. (LITE) rose 7.39% to $68.31, and nLIGHT Inc. (LASR) rose 3.02% to $9.20.
Trading volume (282,277) remained 39,366 below its 50-day average volume of 321,643.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2025.
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(END) Dow Jones Newswires
March 17, 2025 17:26 ET (21:26 GMT)
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