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Shares of IPG Photonics Corp. (IPGP) slipped 0.81% to $90.59 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.78% to 3,955.00 and Dow Jones Industrial Average falling 0.88% to 31,510.43. This was the stock's fourth consecutive day of losses. IPG Photonics Corp. closed $89.95 below its 52-week high ($180.54), which the company reached on November 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Northrop Grumman Corp. (NOC) fell 0.61% to $477.99, Ciena Corp. (CIEN) fell 1.86% to $50.74, and II-VI Inc. (IIVI) fell 1.28% to $47.23. Trading volume (338,275) eclipsed its 50-day average volume of 332,435.
Data source: Dow Jones Market Data, FactSet. Data compiled August 31, 2022.
(END) Dow Jones Newswires
August 31, 2022 17:01 ET (21:01 GMT)
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