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Shares of IPG Photonics Corp. (IPGP) rose 1.17% to $89.08 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.69% to 3,899.89 and the Dow Jones Industrial Average rising 0.64% to 31,019.68. This was the stock's second consecutive day of gains. IPG Photonics Corp. closed $91.46 short of its 52-week high ($180.54), which the company reached on November 2nd.
The stock outperformed some of its competitors Monday, as Northrop Grumman Corp. (NOC) rose 0.59% to $488.07 and Ciena Corp. (CIEN) fell 1.48% to $41.23. Trading volume (391,405) eclipsed its 50-day average volume of 288,440.
Data source: Dow Jones Market Data, FactSet. Data compiled September 19, 2022.
(END) Dow Jones Newswires
September 19, 2022 17:01 ET (21:01 GMT)
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