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Shares of IPG Photonics Corp. (IPGP) sank 0.13% to $90.47 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,966.85 and the Dow Jones Industrial Average rising 0.46% to 31,656.42. This was the stock's fifth consecutive day of losses. IPG Photonics Corp. closed $90.07 below 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 Thursday, as Northrop Grumman Corp. (NOC) rose 0.49% to $480.32, Ciena Corp. (CIEN) fell 10.37% to $45.48, and II-VI Inc. (IIVI) fell 5.76% to $44.51. Trading volume (415,499) eclipsed its 50-day average volume of 317,712.
Data source: Dow Jones Market Data, FactSet. Data compiled September 1, 2022.
(END) Dow Jones Newswires
September 01, 2022 17:00 ET (21:00 GMT)
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