IPG Photonics Corp. Stock Rallies 6.9%, Outperforms Market

Dow Jones

3 hours ago

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of IPG Photonics Corp. advanced 6.9% to $83.66 on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.2% to 7,666.45 and the Dow Jones Industrial Average remaining mostly unchanged at 50,926.56.

IPG Photonics Corp. closed 46.3% short of its 52-week high of $155.82, which the company reached on February 13th.

The stock demonstrated a mixed performance when compared to some of its peers, as Teradyne Inc. rose 3.7% to $415.79, Lumentum Holdings Inc. rose 7.7% to $1,045.78, and nLIGHT Inc. rose 2.53% to $39.93.

Trading volume totaled 433,770, compared to the 50-day average of 492,953.

Data source: Dow Jones Market Data, FactSet

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