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Shares of IPG Photonics Corp. (IPGP) slipped 3.43% to $95.99 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.14% to 4,137.99 and Dow Jones Industrial Average falling 1.91% to 33,063.61. This was the stock's second consecutive day of losses. IPG Photonics Corp. closed $84.55 below its 52-week high ($180.54), which the company achieved on November 2nd.
The stock underperformed when compared to some of its competitors Monday, as Northrop Grumman Corp. (NOC) fell 1.34% to $484.19, Ciena Corp. (CIEN) fell 2.46% to $54.42, and II-VI Inc. (IIVI) fell 1.77% to $54.86. Trading volume (295,810) remained 223,128 below its 50-day average volume of 518,938.
Data source: Dow Jones Market Data, FactSet. Data compiled August 22, 2022.
(END) Dow Jones Newswires
August 22, 2022 17:00 ET (21:00 GMT)
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