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Shares of IPG Photonics Corp. (IPGP) rose 3.93% to $102.80 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.13% to 4,210.24 and the Dow Jones Industrial Average rising 1.63% to 33,309.51. IPG Photonics Corp. closed $77.74 short of its 52-week high ($180.54), which the company achieved on November 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Northrop Grumman Corp. (NOC) fell 0.12% to $473.14, Ciena Corp. (CIEN) rose 4.31% to $53.97, and II-VI Inc. (IIVI) rose 2.38% to $52.15. Trading volume (262,103) remained 331,696 below its 50-day average volume of 593,799.
Data source: Dow Jones Market Data, FactSet. Data compiled August 10, 2022.
(END) Dow Jones Newswires
August 10, 2022 17:00 ET (21:00 GMT)
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