IPG Photonics Corporation (IPGP) : Fridays money flow indicated an uptick to downtick ratio was at 1.26. The total value of inflow transactions on upticks was $0.98 million, whereas, the total value of outflow trades on downticks was $0.78 million. The total money flow was $0.21 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0 million. The total value of the trades done on upticks was $0 million. IPG Photonics Corporation (IPGP) was trading with a -0.22% change over previous days close. It fell $0.19 during the day and reached $86.7. The stock was -0.4% compared to the previous weeks close.
The company Insiders own 34.2% of IPG Photonics Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 99.6% . Institutional Investors own 59.5% of IPG Photonics Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 3.46%.
In a related news, Lego Catherine P, director of Ipg Photonics Corp, executed a transaction worth $249,360 on August 3, 2016. A total of 3,000 shares were purchased at an average price of $83.12. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
IPG Photonics Corporation (NASDAQ:IPGP): The stock opened at $87.09 and touched an intraday high of $87.09 on Friday. During the day, the stock corrected to an intraday low of $86.04, however, the bulls stepped in and pushed the price higher to close in the green at $86.91 with a gain of 0.02% for the day. The total traded volume for the day was 237,517. The stock had closed at $86.89 in the previous trading session.
IPG Photonics Corporation (IPGP) has risen sharply, recording gains of 1.46% in the past 4 weeks. However, the stock has corrected -0.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
IPG Photonics Corporation is a developer and manufacturer of a range of fiber lasers, fiber amplifiers and diode lasers that are used for various applications, primarily in materials processing. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced, communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users and markets its products internationally through direct sales force. It designs and manufactures packaged diodes, direct diode lasers, laser systems, communications systems and materials processing laser systems that utilize its optical fiber-based products, as well as other laser sources. It also manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads and chillers.