DJ IPG Photonics Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of IPG Photonics Corp. $(IPGP)$ shed 1.25% to $70.82 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.36% to 6,083.57 and the Dow Jones Industrial Average falling 0.28% to 44,747.63.
The stock's fall snapped a two-day winning streak.
IPG Photonics Corp. closed 32.03% below its 52-week high of $104.19, which the company reached on February 12th.
The stock underperformed when compared to some of its competitors Thursday, as Teradyne Inc. $(TER)$ rose 1.30% to $114.07, Lumentum Holdings Inc. (LITE) rose 3.90% to $92.67, and nLIGHT Inc. (LASR) rose 0.27% to $11.25.
Trading volume (184,323) remained 59,309 below its 50-day average volume of 243,632.
Data source: Dow Jones Market Data, FactSet. Data compiled February 6, 2025.
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February 06, 2025 17:28 ET (22:28 GMT)
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