DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ advanced 1.21% to $72.04 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.47% to 6,039.31 and Dow Jones Industrial Average falling 0.31% to 44,713.52.
This was the stock's second consecutive day of gains.
IPG Photonics Corp. closed 30.86% below its 52-week high of $104.19, which the company achieved on February 12th.
The stock outperformed some of its competitors Wednesday, as Teradyne Inc. $(TER)$ rose 0.09% to $122.05 and Lumentum Holdings Inc. (LITE) rose 0.14% to $77.91.
Trading volume (127,463) remained 127,708 below its 50-day average volume of 255,171.
Data source: Dow Jones Market Data, FactSet. Data compiled January 29, 2025.
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January 29, 2025 17:29 ET (22:29 GMT)
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