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Shares of IPG Photonics Corp. (IPGP) slipped 1.10% to $88.47 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.41% to 3,908.19 and Dow Jones Industrial Average falling 0.55% to 31,145.30. This was the stock's seventh consecutive day of losses. IPG Photonics Corp. closed $92.07 short of 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 Tuesday, as Northrop Grumman Corp. (NOC) rose 0.58% to $479.74, Ciena Corp. (CIEN) fell 3.41% to $42.71, and II-VI Inc. (IIVI) fell 4.05% to $41.65. Trading volume (313,912) eclipsed its 50-day average volume of 297,519.
Data source: Dow Jones Market Data, FactSet. Data compiled September 6, 2022.
(END) Dow Jones Newswires
September 06, 2022 17:00 ET (21:00 GMT)
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