DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ inched 0.17% higher to $74.76 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.92% to 5,797.42 and Dow Jones Industrial Average falling 0.96% to 42,514.95.
The stock's rise snapped a two-day losing streak.
IPG Photonics Corp. closed $36.35 short of its 52-week high ($111.11), which the company achieved on December 26th.
The stock outperformed some of its competitors Wednesday, as Teradyne Inc. $(TER)$ fell 0.74% to $124.43 and Lumentum Holdings Inc. (LITE) fell 1.32% to $65.66.
Trading volume (294,408) eclipsed its 50-day average volume of 253,630.
Data source: Dow Jones Market Data, FactSet. Data compiled October 23, 2024.
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October 23, 2024 17:27 ET (21:27 GMT)
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