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Why IPG Photonics's Stock is Trading Higher Today

January 19, 2021 10:50 am
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Why IPG Photonics's Stock is Trading Higher Today

IPG Photonics's Stock Price And Volume Action

IPG Photonics (NASDAQ:IPGP) is currently up 5.88% to a price of $258.89. The stock's current volume for the day is 86.66 thousand, which is approximately 38.36% of its previous 30-day average volume of 225.92 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: IPG Photonics shares are trading higher after Needham from Hold to Buy and announced a price target of $280 per share.

Insights On Recent Price Action

The stock's 50-day moving average was $214.59 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $252.0 and fallen to a low of $98.04.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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