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Shares of IPG Photonics Corp. (IPGP) slumped 0.18% to $95.82 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.22% to 4,128.73 and Dow Jones Industrial Average falling 0.47% to 32,909.59. This was the stock's third consecutive day of losses. IPG Photonics Corp. closed $84.72 short of 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 Tuesday, as Northrop Grumman Corp. (NOC) fell 0.27% to $482.88, Ciena Corp. (CIEN) fell 0.55% to $54.12, and II-VI Inc. (IIVI) rose 1.42% to $55.64. Trading volume (226,027) remained 291,005 below its 50-day average volume of 517,032.
Data source: Dow Jones Market Data, FactSet. Data compiled August 23, 2022.
(END) Dow Jones Newswires
August 23, 2022 17:00 ET (21:00 GMT)
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