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Shares of IPG Photonics Corp. (IPGP) slid 1.07% to $88.13 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.13% to 3,855.93 and Dow Jones Industrial Average falling 1.01% to 30,706.23. The stock's fall snapped a two-day winning streak. IPG Photonics Corp. closed $92.41 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 Tuesday, as Northrop Grumman Corp. (NOC) rose 1.21% to $494.00 and Ciena Corp. (CIEN) fell 1.58% to $40.58. Trading volume (326,806) eclipsed its 50-day average volume of 292,386.
Data source: Dow Jones Market Data, FactSet. Data compiled September 20, 2022.
(END) Dow Jones Newswires
September 20, 2022 17:01 ET (21:01 GMT)
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