DJ IPG Photonics Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of IPG Photonics Corp. $(IPGP)$ slipped 2.21% to $63.17 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.71% to 6,013.13 and Dow Jones Industrial Average falling 1.69% to 43,428.02.
This was the stock's second consecutive day of losses.
IPG Photonics Corp. closed 31.49% below its 52-week high of $92.21, which the company achieved on July 17th.
Despite its losses, the stock outperformed some of its competitors Friday, as Teradyne Inc. $(TER)$ fell 2.23% to $115.91, Lumentum Holdings Inc. (LITE) fell 3.92% to $73.35, and nLIGHT Inc. (LASR) fell 4.84% to $10.03.
Trading volume (184,615) remained 78,708 below its 50-day average volume of 263,323.
Data source: Dow Jones Market Data, FactSet. Data compiled February 21, 2025.
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February 21, 2025 17:26 ET (22:26 GMT)
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