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Shares of IPG Photonics Corp. (IPGP) slid 1.35% to $102.58 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.19% to 4,305.20 and the Dow Jones Industrial Average rising 0.71% to 34,152.01. This was the stock's second consecutive day of losses. IPG Photonics Corp. closed $77.96 below its 52-week high ($180.54), which the company achieved on November 2nd.
The stock underperformed when compared to some of its competitors Tuesday, as Northrop Grumman Corp. (NOC) fell 0.28% to $485.50, Ciena Corp. (CIEN) rose 0.83% to $55.63, and II-VI Inc. (IIVI) rose 2.54% to $54.60. Trading volume (225,129) remained 309,706 below its 50-day average volume of 534,835.
Data source: Dow Jones Market Data, FactSet. Data compiled August 16, 2022.
(END) Dow Jones Newswires
August 16, 2022 17:00 ET (21:00 GMT)
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