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Shares of IPG Photonics Corp. IPGP slid 1.22% to $97.77 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.30% to 3,900.11 and Dow Jones Industrial Average DJIA falling 0.20% to 31,438.26. The stock's fall snapped a five-day winning streak. IPG Photonics Corp. closed $122.74 short of its 52-week high ($220.51), which the company reached on August 2nd.
The stock underperformed when compared to some of its competitors Monday, as Northrop Grumman Corp. NOC rose 0.67% to $466.82, Ciena Corp. CIEN fell 0.66% to $46.63, and II-VI Inc. IIVI rose 0.70% to $56.11. Trading volume (477,274) remained 333,958 below its 50-day average volume of 811,232.
Data source: Dow Jones Market Data, FactSet. Data compiled June 27, 2022.
(END) Dow Jones Newswires
June 27, 2022 17:00 ET (21:00 GMT)
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