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Shares of IPG Photonics Corp. IPGP inched 0.82% higher to $102.47 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.99% to 3,998.95 and the Dow Jones Industrial Average DJIA rising 0.51% to 32,036.90. This was the stock's fifth consecutive day of gains. IPG Photonics Corp. closed $118.04 below 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 Thursday, as Northrop Grumman Corp. NOC fell 0.50% to $453.80, Ciena Corp. CIEN rose 0.75% to $49.86, and II-VI Inc. IIVI rose 1.56% to $52.60. Trading volume (248,155) remained 418,668 below its 50-day average volume of 666,823.
Data source: Dow Jones Market Data, FactSet. Data compiled July 21, 2022.
(END) Dow Jones Newswires
July 21, 2022 17:00 ET (21:00 GMT)
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