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Shares of IPG Photonics Corp. (IPGP) slid 3.18% to $98.91 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.42% to 4,122.47 and Dow Jones Industrial Average falling 0.18% to 32,774.41. IPG Photonics Corp. closed $81.63 below its 52-week high ($180.54), which the company reached on November 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Northrop Grumman Corp. (NOC) rose 0.78% to $473.73, Ciena Corp. (CIEN) fell 1.54% to $51.74, and II-VI Inc. (IIVI) fell 4.25% to $50.94. Trading volume (358,132) remained 235,696 below its 50-day average volume of 593,828.
Data source: Dow Jones Market Data, FactSet. Data compiled August 9, 2022.
(END) Dow Jones Newswires
August 09, 2022 17:00 ET (21:00 GMT)
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