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Shares of IPG Photonics Corp. IPGP dropped 0.36% to $94.13 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.88% to 3,785.38 and Dow Jones Industrial Average DJIA falling 0.82% to 30,775.43. IPG Photonics Corp. closed $126.38 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 rose 3.63% to $478.57, Ciena Corp. CIEN rose 0.22% to $45.70, and II-VI Inc. IIVI fell 1.81% to $50.95. Trading volume (574,119) remained 236,643 below its 50-day average volume of 810,762.
Data source: Dow Jones Market Data, FactSet. Data compiled June 30, 2022.
(END) Dow Jones Newswires
June 30, 2022 17:00 ET (21:00 GMT)
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