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Shares of IPG Photonics Corp. (IPGP) rose 2.08% to $105.18 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.73% to 4,280.15 and the Dow Jones Industrial Average rising 1.27% to 33,761.05. This was the stock's third consecutive day of gains. IPG Photonics Corp. closed $75.36 below 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 Friday, as Northrop Grumman Corp. (NOC) rose 1.97% to $479.58, Ciena Corp. (CIEN) rose 3.42% to $54.70, and II-VI Inc. (IIVI) rose 0.76% to $52.94. Trading volume (201,236) remained 343,506 below its 50-day average volume of 544,742.
Data source: Dow Jones Market Data, FactSet. Data compiled August 12, 2022.
(END) Dow Jones Newswires
August 12, 2022 17:00 ET (21:00 GMT)
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