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Shares of IPG Photonics Corp. IPGP shed 1.34% to $92.12 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 1.15% to 3,854.43 and Dow Jones Industrial Average DJIA falling 0.52% to 31,173.84. This was the stock's second consecutive day of losses. IPG Photonics Corp. closed $128.39 below 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 Monday, as Northrop Grumman Corp. NOC fell 1.02% to $475.51, Ciena Corp. CIEN fell 1.01% to $47.01, and II-VI Inc. IIVI fell 1.81% to $47.82. Trading volume (310,715) remained 457,364 below its 50-day average volume of 768,079.
Data source: Dow Jones Market Data, FactSet. Data compiled July 11, 2022.
(END) Dow Jones Newswires
July 11, 2022 17:00 ET (21:00 GMT)
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