DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ rose 3.19% to $79.27 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.27% to 5,823.52 and the Dow Jones Industrial Average rising 0.65% to 42,387.57.
This was the stock's fourth consecutive day of gains.
IPG Photonics Corp. closed $31.84 short of its 52-week high ($111.11), which the company reached on December 26th.
The stock outperformed some of its competitors Monday, as Teradyne Inc. $(TER)$ fell 0.38% to $111.33 and Lumentum Holdings Inc. (LITE) rose 0.92% to $64.96.
Trading volume (643,388) eclipsed its 50-day average volume of 259,036.
Data source: Dow Jones Market Data, FactSet. Data compiled October 28, 2024.
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October 28, 2024 17:27 ET (21:27 GMT)
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