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Shares of IPG Photonics Corp. IPGP slumped 0.98% to $90.99 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.36% to 3,845.08 and the Dow Jones Industrial Average DJIA rising 0.23% to 31,037.68. IPG Photonics Corp. closed $129.52 short of its 52-week high ($220.51), which the company achieved on August 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Northrop Grumman Corp. NOC rose 3.77% to $481.87, Ciena Corp. CIEN rose 0.94% to $45.95, and II-VI Inc. IIVI fell 2.46% to $47.15. Trading volume (333,894) remained 463,465 below its 50-day average volume of 797,359.
Data source: Dow Jones Market Data, FactSet. Data compiled July 6, 2022.
(END) Dow Jones Newswires
July 06, 2022 17:00 ET (21:00 GMT)
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