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Shares of IPG Photonics Corp. (IPGP) shed 2.45% to $84.97 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.72% to 3,693.23 and Dow Jones Industrial Average falling 1.62% to 29,590.41. This was the stock's second consecutive day of losses. IPG Photonics Corp. closed $95.57 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 Friday, as Northrop Grumman Corp. (NOC) fell 3.55% to $478.82 and Ciena Corp. (CIEN) fell 1.07% to $40.60. Trading volume (479,364) eclipsed its 50-day average volume of 297,644.
Data source: Dow Jones Market Data, FactSet. Data compiled September 23, 2022.
(END) Dow Jones Newswires
September 23, 2022 17:01 ET (21:01 GMT)
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