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Shares of IPG Photonics Corp. IPGP slid 0.51% to $92.16 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.30% to 3,790.38 and Dow Jones Industrial Average DJIA falling 0.46% to 30,630.17. This was the stock's second consecutive day of losses. IPG Photonics Corp. closed $128.35 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 1.33% to $458.99, Ciena Corp. CIEN fell 1.06% to $46.61, and II-VI Inc. IIVI rose 0.81% to $47.49. Trading volume (217,664) remained 528,723 below its 50-day average volume of 746,387.
Data source: Dow Jones Market Data, FactSet. Data compiled July 14, 2022.
(END) Dow Jones Newswires
July 14, 2022 17:00 ET (21:00 GMT)
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