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Shares of IPG Photonics Corp. IPGP slid 4.66% to $102.64 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.67% to 4,091.19 and Dow Jones Industrial Average DJIA falling 1.23% to 32,396.17. The stock's fall snapped a four-day winning streak. IPG Photonics Corp. closed $86.07 short of its 52-week high ($188.71), which the company achieved on August 3rd.
The stock underperformed when compared to some of its competitors Tuesday, as Northrop Grumman Corp. NOC rose 1.14% to $481.05, Ciena Corp. CIEN fell 0.29% to $51.59, and II-VI Inc. IIVI fell 0.23% to $52.80. Trading volume (503,303) remained 119,215 below its 50-day average volume of 622,518.
Data source: Dow Jones Market Data, FactSet. Data compiled August 2, 2022.
(END) Dow Jones Newswires
August 02, 2022 17:00 ET (21:00 GMT)
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