DJ Synopsys Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Synopsys Inc. $(SNPS)$ rose 2.11% to $526.70 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.00% to 5,996.66 and the Dow Jones Industrial Average rising 0.78% to 43,487.83.
This was the stock's fourth consecutive day of gains.
Synopsys Inc. closed 16.31% short of its 52-week high of $629.38, which the company achieved on February 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Applied Materials Inc. $(AMAT)$ rose 2.99% to $192.05, Lam Research Corp. $(LRCX)$ rose 1.36% to $80.30, and Autodesk Inc. $(ADSK)$ rose 0.47% to $291.45.
Trading volume (1.2 M) eclipsed its 50-day average volume of 1.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 17, 2025.
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(END) Dow Jones Newswires
January 17, 2025 16:41 ET (21:41 GMT)
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