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Shares of IPG Photonics Corp. IPGP rallied 1.01% to $107.66 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.28% to 4,118.63 and Dow Jones Industrial Average DJIA falling 0.14% to 32,798.40. This was the stock's fourth consecutive day of gains. IPG Photonics Corp. closed $112.85 below its 52-week high ($220.51), which the company reached on August 2nd.
The stock outperformed some of its competitors Monday, as Northrop Grumman Corp. NOC fell 0.68% to $475.63, Ciena Corp. CIEN rose 0.27% to $51.74, and II-VI Inc. IIVI rose 0.53% to $52.92. Trading volume (437,168) remained 187,086 below its 50-day average volume of 624,254.
Data source: Dow Jones Market Data, FactSet. Data compiled August 1, 2022.
(END) Dow Jones Newswires
August 01, 2022 17:00 ET (21:00 GMT)
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