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Shares of IPG Photonics Corp. IPGP sank 0.20% to $100.06 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.13% to 3,966.84 and the Dow Jones Industrial Average DJIA rising 0.28% to 31,990.04. This was the stock's second consecutive day of losses. IPG Photonics Corp. closed $120.45 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 Monday, as Northrop Grumman Corp. NOC rose 0.33% to $453.32, Ciena Corp. CIEN fell 0.04% to $48.42, and II-VI Inc. IIVI fell 1.26% to $51.14. Trading volume (245,101) remained 408,096 below its 50-day average volume of 653,197.
Data source: Dow Jones Market Data, FactSet. Data compiled July 25, 2022.
(END) Dow Jones Newswires
July 25, 2022 17:00 ET (21:00 GMT)
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