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Shares of IPG Photonics Corp. (IPGP) slipped 2.18% to $99.40 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.29% to 4,228.48 and Dow Jones Industrial Average falling 0.86% to 33,706.74. IPG Photonics Corp. closed $81.14 below its 52-week high ($180.54), which the company reached on November 2nd.
The stock underperformed when compared to some of its competitors Friday, as Northrop Grumman Corp. (NOC) fell 0.43% to $490.75, Ciena Corp. (CIEN) fell 1.03% to $55.79, and II-VI Inc. (IIVI) fell 1.72% to $55.85. Trading volume (190,968) remained 330,731 below its 50-day average volume of 521,699.
Data source: Dow Jones Market Data, FactSet. Data compiled August 19, 2022.
(END) Dow Jones Newswires
August 19, 2022 17:00 ET (21:00 GMT)
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