DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ rallied 2.20% to $74.40 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.00% to 5,996.66 and the Dow Jones Industrial Average rising 0.78% to 43,487.83.
IPG Photonics Corp. closed 28.59% below its 52-week high of $104.19, which the company reached on February 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Teradyne Inc. $(TER)$ rose 0.60% to $138.40 and Lumentum Holdings Inc. (LITE) rose 5.65% to $94.41.
Trading volume (172,872) remained 85,154 below its 50-day average volume of 258,026.
Data source: Dow Jones Market Data, FactSet. Data compiled January 17, 2025.
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January 17, 2025 17:29 ET (22:29 GMT)
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