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Shares of IPG Photonics Corp. (IPGP) shed 0.94% to $84.17 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.03% to 3,655.04 and Dow Jones Industrial Average falling 1.11% to 29,260.81. This was the stock's third consecutive day of losses. IPG Photonics Corp. closed $96.37 short of its 52-week high ($180.54), which the company achieved on November 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Northrop Grumman Corp. (NOC) fell 0.93% to $474.37 and Ciena Corp. (CIEN) fell 2.19% to $39.71. Trading volume (319,778) eclipsed its 50-day average volume of 302,909.
Data source: Dow Jones Market Data, FactSet. Data compiled September 26, 2022.
(END) Dow Jones Newswires
September 26, 2022 17:01 ET (21:01 GMT)
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