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Shares of IPG Photonics Corp. IPGP shed 0.56% to $99.50 Tuesday, 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 3,921.05 and Dow Jones Industrial Average DJIA falling 0.71% to 31,761.54. This was the stock's third consecutive day of losses. IPG Photonics Corp. closed $121.01 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 Tuesday, as Northrop Grumman Corp. NOC fell 1.91% to $444.65, Ciena Corp. CIEN fell 0.19% to $48.33, and II-VI Inc. IIVI rose 0.31% to $51.30. Trading volume (279,798) remained 368,368 below its 50-day average volume of 648,166.
Data source: Dow Jones Market Data, FactSet. Data compiled July 26, 2022.
(END) Dow Jones Newswires
July 26, 2022 17:00 ET (21:00 GMT)
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