IPG Photonics Corp. inventory falls Friday, underperforms market

Revealed: March 17, 2023 at 5:01 p.m. ET

Shares of IPG Photonics Corp. IPGP shed 2.96% to $116.33 Friday, on what proved to be an all-around tough buying and selling session for the inventory market, with the S&P 500 Index SPX falling 1.10% to three,916.64 and Dow Jones Industrial Common DJIA falling 1.19% to 31,861.98. IPG Photonics Corp. closed $18.48 in need of its 52-week excessive ($134.81), which the corporate achieved on February sixteenth.

The inventory underperformed when in comparison with a few of its rivals Friday, as Teradyne Inc. TER fell 0.82% to $105.10, Lumentum Holdings Inc. LITE fell…

Shares of IPG Photonics Corp.

IPGP

shed 2.96% to $116.33 Friday, on what proved to be an all-around tough buying and selling session for the inventory market, with the S&P 500 Index

SPX

falling 1.10% to three,916.64 and Dow Jones Industrial Common

DJIA

falling 1.19% to 31,861.98. IPG Photonics Corp. closed $18.48 in need of its 52-week excessive ($134.81), which the corporate achieved on February sixteenth.

The inventory underperformed when in comparison with a few of its rivals Friday, as Teradyne Inc.

TER

fell 0.82% to $105.10, Lumentum Holdings Inc.

LITE

fell 1.25% to $49.97, and Nationwide Devices Corp.

NATI

rose 0.34% to $50.57. Buying and selling quantity (529,553) eclipsed its 50-day common quantity of 272,275.

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