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Shares of IPG Photonics Corp. IPGP inched 0.82% higher to $96.22 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.95% to 3,795.73 and the Dow Jones Industrial Average DJIA rising 0.64% to 30,677.36. This was the stock's fourth consecutive day of gains. IPG Photonics Corp. closed $124.29 short of its 52-week high ($220.51), which the company reached on August 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Northrop Grumman Corp. NOC fell 0.52% to $456.24, Ciena Corp. CIEN rose 4.44% to $46.14, and II-VI Inc. IIVI rose 2.77% to $52.75. Trading volume (689,903) remained 111,162 below its 50-day average volume of 801,065.
Data source: Dow Jones Market Data, FactSet. Data compiled June 23, 2022.
(END) Dow Jones Newswires
June 23, 2022 17:00 ET (21:00 GMT)
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