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IPG Photonics Corp. stock outperforms competitors on strong trading day

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Terrence Horan

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Shares of IPG Photonics Corp. IPGP, -1.27% rose 3.41% to $162.65 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, -0.04% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, -0.21% rising 1.56% to 34,912.56. This was the stock's second consecutive day of gains. IPG Photonics Corp. closed $99.90 short of its 52-week high ($262.55), which the company reached on January 19th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Northrop Grumman Corp. NOC, +0.06% rose 0.32% to $389.94, Ciena Corp. CIEN, -0.05% rose 2.75% to $53.46, and II-VI Inc. IIVI, +0.16% rose 3.53% to $57.80. Trading volume (297,667) remained 21,696 below its 50-day average volume of 319,363.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.