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Shares of IPG Photonics Corp. IPGP inched 0.92% higher to $106.58 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.42% to 4,130.29 and the Dow Jones Industrial Average DJIA rising 0.97% to 32,845.13. This was the stock's third consecutive day of gains. IPG Photonics Corp. closed $113.93 below 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 Friday, as Northrop Grumman Corp. NOC rose 5.38% to $478.90, Ciena Corp. CIEN rose 0.74% to $51.60, and II-VI Inc. IIVI rose 0.52% to $52.64. Trading volume (418,323) remained 207,556 below its 50-day average volume of 625,879.
Data source: Dow Jones Market Data, FactSet. Data compiled July 29, 2022.
(END) Dow Jones Newswires
July 29, 2022 17:00 ET (21:00 GMT)
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