DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ inched 0.23% higher to $77.30 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.38% to 5,998.74 and Dow Jones Industrial Average falling 0.31% to 44,722.06.
IPG Photonics Corp. closed $33.81 below 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 0.89% to $108.09 and Lumentum Holdings Inc. (LITE) fell 3.69% to $83.77.
Trading volume (180,830) remained 87,919 below its 50-day average volume of 268,749.
Data source: Dow Jones Market Data, FactSet. Data compiled November 27, 2024.
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November 27, 2024 17:27 ET (22:27 GMT)
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