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Shares of IPG Photonics Corp. (IPGP) slid 1.13% to $89.45 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.07% to 3,924.26 and Dow Jones Industrial Average falling 1.07% to 31,318.44. This was the stock's sixth consecutive day of losses. IPG Photonics Corp. closed $91.09 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 Friday, as Northrop Grumman Corp. (NOC) fell 0.70% to $476.95, Ciena Corp. (CIEN) fell 2.77% to $44.22, and II-VI Inc. (IIVI) fell 2.47% to $43.41. Trading volume (322,329) eclipsed its 50-day average volume of 304,871.
Data source: Dow Jones Market Data, FactSet. Data compiled September 2, 2022.
(END) Dow Jones Newswires
September 02, 2022 17:01 ET (21:01 GMT)
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