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Shares of IPG Photonics Corp. (IPGP) rallied 1.37% to $85.32 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.21% to 3,647.29 and Dow Jones Industrial Average falling 0.43% to 29,134.99. The stock's rise snapped a three-day losing streak. IPG Photonics Corp. closed $95.22 below 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 Tuesday, as Northrop Grumman Corp. (NOC) fell 0.05% to $474.14 and Ciena Corp. (CIEN) rose 1.64% to $40.36. Trading volume (268,863) remained 36,470 below its 50-day average volume of 305,333.
Data source: Dow Jones Market Data, FactSet. Data compiled September 27, 2022.
(END) Dow Jones Newswires
September 27, 2022 17:01 ET (21:01 GMT)
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