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Shares of IPG Photonics Corp. (IPGP) shed 2.17% to $91.97 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.67% to 4,030.61 and Dow Jones Industrial Average falling 0.57% to 32,098.99. This was the stock's second consecutive day of losses. IPG Photonics Corp. closed $88.57 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 Monday, as Northrop Grumman Corp. (NOC) rose 0.14% to $485.81, Ciena Corp. (CIEN) fell 3.66% to $51.66, and II-VI Inc. (IIVI) fell 3.10% to $50.28. Trading volume (174,430) remained 306,568 below its 50-day average volume of 480,998.
Data source: Dow Jones Market Data, FactSet. Data compiled August 29, 2022.
(END) Dow Jones Newswires
August 29, 2022 17:00 ET (21:00 GMT)
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