Shares of IPG Photonics Corp.
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
rising 1.71% to 4,438.26 and the Dow Jones Industrial Average
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.
rose 0.32% to $389.94, Ciena Corp.
rose 2.75% to $53.46, and II-VI Inc.
rose 3.53% to $57.80. Trading volume (297,667) remained 21,696 below its 50-day average volume of 319,363.