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Shares of IPG Photonics Corp. IPGP advanced 2.78% to $102.27 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 2.62% to 4,023.61 and the Dow Jones Industrial Average DJIA rising 1.37% to 32,197.59. The stock's rise snapped a three-day losing streak. IPG Photonics Corp. closed $118.24 below its 52-week high ($220.51), which the company achieved on August 2nd.
The stock outperformed some of its competitors Wednesday, as Northrop Grumman Corp. NOC rose 0.26% to $445.81, Ciena Corp. CIEN rose 2.73% to $49.65, and II-VI Inc. IIVI rose 1.42% to $52.03. Trading volume (258,793) remained 381,928 below its 50-day average volume of 640,721.
Data source: Dow Jones Market Data, FactSet. Data compiled July 27, 2022.
(END) Dow Jones Newswires
July 27, 2022 17:00 ET (21:00 GMT)
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