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Shares of IPG Photonics Corp. (IPGP) inched 0.60% higher to $88.66 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.71% to 3,789.93 and Dow Jones Industrial Average falling 1.70% to 30,183.78. IPG Photonics Corp. closed $91.88 below its 52-week high ($180.54), which the company achieved on November 2nd.
The stock outperformed some of its competitors Wednesday, as Northrop Grumman Corp. (NOC) fell 0.23% to $492.87 and Ciena Corp. (CIEN) rose 0.39% to $40.74. Trading volume (376,404) eclipsed its 50-day average volume of 292,679.
Data source: Dow Jones Market Data, FactSet. Data compiled September 21, 2022.
(END) Dow Jones Newswires
September 21, 2022 17:01 ET (21:01 GMT)
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