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Shares of IPG Photonics Corp. (IPGP) inched 0.23% higher to $103.04 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.08% to 33,336.67 and the S&P 500 Index falling 0.07% to 4,207.27. This was the stock's second consecutive day of gains. IPG Photonics Corp. closed $77.50 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 Thursday, as Northrop Grumman Corp. (NOC) fell 0.60% to $470.31, Ciena Corp. (CIEN) fell 2.00% to $52.89, and II-VI Inc. (IIVI) rose 0.75% to $52.54. Trading volume (265,631) remained 324,604 below its 50-day average volume of 590,235.
Data source: Dow Jones Market Data, FactSet. Data compiled August 11, 2022.
(END) Dow Jones Newswires
August 11, 2022 17:00 ET (21:00 GMT)
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